<?xml version="1.0" encoding="US-ASCII"?>
<!-- RR Donnelley Xcelerate Taxonomy Labels Linkbase, based on XBRL 2.1  http://www.rrdonnelley.com/ -->
<!-- Version: 6.20.1 -->
<!-- Round: 7 -->
<!-- Creation date: 2013-04-12T03:48:00Z -->
<!-- Copyright (c) 2005-2013 R.R. Donnelley & Sons Company All Rights Reserved. -->
<linkbase xmlns="http://www.xbrl.org/2003/linkbase"
  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel"/>
  <roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2008-03-31.xsd#negated" roleURI="http://xbrl.us/us-gaap/role/label/negated"/>
  <labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountingPoliciesAbstract" xlink:label="us-gaap_AccountingPoliciesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xml:lang="en-US" id="id_437052_581932_1_1">Accounting Policies [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccountingPoliciesAbstract_lbl" xml:lang="en-US" id="id_437052_581932_2_1">Accounting Policies [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountingPoliciesAbstract" xlink:to="us-gaap_AccountingPoliciesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountsPayableCurrent" xlink:label="us-gaap_AccountsPayableCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsPayableCurrent_lbl" xml:lang="en-US" id="id_437052_582420_1_1">Accounts Payable Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccountsPayableCurrent_lbl" xml:lang="en-US" id="id_437052_582420_2_1">Accounts payable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableCurrent" xlink:to="us-gaap_AccountsPayableCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="us-gaap_AccountsReceivableNetCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xml:lang="en-US" id="id_437052_571324_1_1">Accounts Receivable Net Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccountsReceivableNetCurrent_lbl" xml:lang="en-US" id="id_437052_571324_2_1">Accounts receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNetCurrent" xlink:to="us-gaap_AccountsReceivableNetCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AccountsReceivablePolicyTextBlock" xlink:label="gsl_AccountsReceivablePolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AccountsReceivablePolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_626480_3_1">Accounts Receivable Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AccountsReceivablePolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_626480_1_1">Accounts Receivable Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_AccountsReceivablePolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_626480_2_1">Accounts receivable</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AccountsReceivablePolicyTextBlock" xlink:to="gsl_AccountsReceivablePolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccruedLiabilitiesCurrent" xlink:label="us-gaap_AccruedLiabilitiesCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccruedLiabilitiesCurrent_lbl" xml:lang="en-US" id="id_437052_576774_1_1">Accrued Liabilities Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccruedLiabilitiesCurrent_lbl" xml:lang="en-US" id="id_437052_576774_2_1">Accrued expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedLiabilitiesCurrent" xlink:to="us-gaap_AccruedLiabilitiesCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AccumulatedCapitalizedInterestCosts" xlink:label="us-gaap_AccumulatedCapitalizedInterestCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AccumulatedCapitalizedInterestCosts_lbl" xml:lang="en-US" id="id_437052_576824_1_1">Accumulated Capitalized Interest Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AccumulatedCapitalizedInterestCosts_lbl" xml:lang="en-US" id="id_437052_576824_2_1">Interest capitalized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedCapitalizedInterestCosts" xlink:to="us-gaap_AccumulatedCapitalizedInterestCosts_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AccumulatedVesselDepreciation" xlink:label="gsl_AccumulatedVesselDepreciation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AccumulatedVesselDepreciation_lbl" xml:lang="en-US" id="id_437052_856717_3_1">Accumulated Vessel Depreciation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AccumulatedVesselDepreciation_lbl" xml:lang="en-US" id="id_437052_856717_1_1">Accumulated Vessel Depreciation</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="gsl_AccumulatedVesselDepreciation_lbl" xml:lang="en-US" id="id_437052_856717_8_1">Accumulated Depreciation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AccumulatedVesselDepreciation" xlink:to="gsl_AccumulatedVesselDepreciation_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AcquisitionOfVesselPurchaseOptions" xlink:label="gsl_AcquisitionOfVesselPurchaseOptions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AcquisitionOfVesselPurchaseOptions_lbl" xml:lang="en-US" id="id_437052_812713_3_1">The cash outflow for acquisition of purchase options for vessels.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AcquisitionOfVesselPurchaseOptions_lbl" xml:lang="en-US" id="id_437052_812713_1_1">Acquisition Of Vessel Purchase Options</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="gsl_AcquisitionOfVesselPurchaseOptions_lbl" xml:lang="en-US" id="id_437052_812713_8_1">Acquisition of vessel purchase options (note 5)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AcquisitionOfVesselPurchaseOptions" xlink:to="gsl_AcquisitionOfVesselPurchaseOptions_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AdditionalDeferredFinancingCosts" xlink:label="gsl_AdditionalDeferredFinancingCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AdditionalDeferredFinancingCosts_lbl" xml:lang="en-US" id="id_437052_683545_3_1">Additional Deferred Financing Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AdditionalDeferredFinancingCosts_lbl" xml:lang="en-US" id="id_437052_683545_1_1">Additional Deferred Financing Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_AdditionalDeferredFinancingCosts_lbl" xml:lang="en-US" id="id_437052_683545_2_1">Expenditure in the period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gsl_AdditionalDeferredFinancingCosts_lbl" xml:lang="en-US" id="id_437052_683545_12_1">Fees and related cost paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AdditionalDeferredFinancingCosts" xlink:to="gsl_AdditionalDeferredFinancingCosts_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xml:lang="en-US" id="id_437052_581342_1_1">Additional Paid In Capital Common Stock</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalPaidInCapitalCommonStock_lbl" xml:lang="en-US" id="id_437052_581342_2_1">Additional paid in capital</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalCommonStock" xlink:to="us-gaap_AdditionalPaidInCapitalCommonStock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US" id="id_437052_576438_1_1">Additional Paid In Capital [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdditionalPaidInCapitalMember_lbl" xml:lang="en-US" id="id_437052_576438_2_1">Additional Paid in Capital [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition_lbl" xml:lang="en-US" id="id_437052_581467_1_1">Adjustments To Additional Paid In Capital Share Based Compensation Restricted Stock Units Requisite Service Period Recognition</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition_lbl" xml:lang="en-US" id="id_437052_581467_2_1">Restricted Stock Units (note 15)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition" xlink:to="us-gaap_AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationRestrictedStockUnitsRequisiteServicePeriodRecognition_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_437052_566868_1_1">Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US" id="id_437052_566868_2_1">Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AfterMember" xlink:label="gsl_AfterMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AfterMember_lbl" xml:lang="en-US" id="id_437052_626617_3_1">After [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AfterMember_lbl" xml:lang="en-US" id="id_437052_626617_1_1">After [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_AfterMember_lbl" xml:lang="en-US" id="id_437052_626617_2_1">After Merger [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AfterMember" xlink:to="gsl_AfterMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AgreedNumberOfNewBuildings" xlink:label="gsl_AgreedNumberOfNewBuildings"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AgreedNumberOfNewBuildings_lbl" xml:lang="en-US" id="id_437052_855942_3_1">Agreed Number of New Buildings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AgreedNumberOfNewBuildings_lbl" xml:lang="en-US" id="id_437052_855942_1_1">Agreed Number Of New Buildings</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_AgreedNumberOfNewBuildings_lbl" xml:lang="en-US" id="id_437052_855942_2_1">4,250 TEU new buildings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AgreedNumberOfNewBuildings" xlink:to="gsl_AgreedNumberOfNewBuildings_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AllocatedShareBasedCompensationExpense" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xml:lang="en-US" id="id_437052_580026_1_1">Allocated Share Based Compensation Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AllocatedShareBasedCompensationExpense_lbl" xml:lang="en-US" id="id_437052_580026_2_1">Recognised share based compensation expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllocatedShareBasedCompensationExpense" xlink:to="us-gaap_AllocatedShareBasedCompensationExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xml:lang="en-US" id="id_437052_571804_1_1">Allowance For Doubtful Accounts Receivable Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl" xml:lang="en-US" id="id_437052_571804_2_1">Allowances for doubtful accounts</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent" xlink:to="us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US" id="id_437052_565213_1_1">Amendment Flag</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US" id="id_437052_565213_2_1">Amendment Flag</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AmortizationMember" xlink:label="gsl_AmortizationMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AmortizationMember_lbl" xml:lang="en-US" id="id_437052_735910_3_1">Amortization [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AmortizationMember_lbl" xml:lang="en-US" id="id_437052_735910_1_1">Amortization [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_AmortizationMember_lbl" xml:lang="en-US" id="id_437052_735910_2_1">Amortization [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmortizationMember" xlink:to="gsl_AmortizationMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AmortizationOfDeferredFinancingCosts" xlink:label="gsl_AmortizationOfDeferredFinancingCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AmortizationOfDeferredFinancingCosts_lbl" xml:lang="en-US" id="id_437052_650918_3_1">Amortization Of Deferred Financing Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AmortizationOfDeferredFinancingCosts_lbl" xml:lang="en-US" id="id_437052_650918_1_1">Amortization Of Deferred Financing Costs</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="gsl_AmortizationOfDeferredFinancingCosts_lbl" xml:lang="en-US" id="id_437052_650918_8_1">Amortization included within interest expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmortizationOfDeferredFinancingCosts" xlink:to="gsl_AmortizationOfDeferredFinancingCosts_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="us-gaap_AmortizationOfFinancingCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xml:lang="en-US" id="id_437052_582215_1_1">Amortization Of Financing Costs</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AmortizationOfFinancingCosts_lbl" xml:lang="en-US" id="id_437052_582215_2_1">Amortization of deferred financing costs (note 9)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCosts" xlink:to="us-gaap_AmortizationOfFinancingCosts_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AmortizationOfIntangibleAssetsCharterAgreements" xlink:label="gsl_AmortizationOfIntangibleAssetsCharterAgreements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AmortizationOfIntangibleAssetsCharterAgreements_lbl" xml:lang="en-US" id="id_437052_866101_3_1">Amortization of Intangible Assets Charter Agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AmortizationOfIntangibleAssetsCharterAgreements_lbl" xml:lang="en-US" id="id_437052_866101_1_1">Amortization Of Intangible Assets Charter Agreements</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="gsl_AmortizationOfIntangibleAssetsCharterAgreements_lbl" xml:lang="en-US" id="id_437052_866101_8_1">Amortization in period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmortizationOfIntangibleAssetsCharterAgreements" xlink:to="gsl_AmortizationOfIntangibleAssetsCharterAgreements_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AmortizationOfIntangibleLiabilities" xlink:label="gsl_AmortizationOfIntangibleLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AmortizationOfIntangibleLiabilities_lbl" xml:lang="en-US" id="id_437052_813239_3_1">The amount of intangible lease liability amortized as an increase in time charter revenue during the reporting period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AmortizationOfIntangibleLiabilities_lbl" xml:lang="en-US" id="id_437052_813239_1_1">Amortization Of Intangible Liabilities</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="gsl_AmortizationOfIntangibleLiabilities_lbl" xml:lang="en-US" id="id_437052_813239_8_1">Amortization of intangible liability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AmortizationOfIntangibleLiabilities" xlink:to="gsl_AmortizationOfIntangibleLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AnnualShipManagementFees" xlink:label="gsl_AnnualShipManagementFees"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AnnualShipManagementFees_lbl" xml:lang="en-US" id="id_437052_856287_3_1">Annual Ship Management Fees</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AnnualShipManagementFees_lbl" xml:lang="en-US" id="id_437052_856287_1_1">Annual Ship Management Fees</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_AnnualShipManagementFees_lbl" xml:lang="en-US" id="id_437052_856287_2_1">Annual ship management fees</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AnnualShipManagementFees" xlink:to="gsl_AnnualShipManagementFees_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AnnualShipManagementFeesPerVessel" xlink:label="gsl_AnnualShipManagementFeesPerVessel"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AnnualShipManagementFeesPerVessel_lbl" xml:lang="en-US" id="id_437052_856253_3_1">Annual Ship Management Fees Per Vessel</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AnnualShipManagementFeesPerVessel_lbl" xml:lang="en-US" id="id_437052_856253_1_1">Annual Ship Management Fees Per Vessel</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_AnnualShipManagementFeesPerVessel_lbl" xml:lang="en-US" id="id_437052_856253_2_1">Annual ship management fee per vessel</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AnnualShipManagementFeesPerVessel" xlink:to="gsl_AnnualShipManagementFeesPerVessel_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AnticipatedLeverageRatio" xlink:label="gsl_AnticipatedLeverageRatio"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AnticipatedLeverageRatio_lbl" xml:lang="en-US" id="id_437052_868766_3_1">Anticipated Leverage Ratio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AnticipatedLeverageRatio_lbl" xml:lang="en-US" id="id_437052_868766_1_1">Anticipated Leverage Ratio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_AnticipatedLeverageRatio_lbl" xml:lang="en-US" id="id_437052_868766_2_1">Anticipated Leverage Ratio Range</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AnticipatedLeverageRatio" xlink:to="gsl_AnticipatedLeverageRatio_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ApproximateRemainingCharterTerm" xlink:label="gsl_ApproximateRemainingCharterTerm"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ApproximateRemainingCharterTerm_lbl" xml:lang="en-US" id="id_437052_811993_3_1">Approximate Remaining Charter Term</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ApproximateRemainingCharterTerm_lbl" xml:lang="en-US" id="id_437052_811993_1_1">Approximate Remaining Charter Term</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ApproximateRemainingCharterTerm_lbl" xml:lang="en-US" id="id_437052_811993_2_1">Remaining Charter Duration (years)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gsl_ApproximateRemainingCharterTerm_lbl" xml:lang="en-US" id="id_437052_811993_12_1">Remaining terms</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ApproximateRemainingCharterTerm" xlink:to="gsl_ApproximateRemainingCharterTerm_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AprilElevenTwoThousandThirteenMember" xlink:label="gsl_AprilElevenTwoThousandThirteenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AprilElevenTwoThousandThirteenMember_lbl" xml:lang="en-US" id="id_437052_871842_3_1">April Eleven Two Thousand Thirteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AprilElevenTwoThousandThirteenMember_lbl" xml:lang="en-US" id="id_437052_871842_1_1">April Eleven Two Thousand Thirteen [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_AprilElevenTwoThousandThirteenMember_lbl" xml:lang="en-US" id="id_437052_871842_2_1">April 11, 2013 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AprilElevenTwoThousandThirteenMember" xlink:to="gsl_AprilElevenTwoThousandThirteenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AssetImpairmentCharges" xlink:label="us-gaap_AssetImpairmentCharges"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xml:lang="en-US" id="id_437052_565544_1_1">Asset Impairment Charges</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xml:lang="en-US" id="id_437052_565544_2_1">Impairment charge (note 5)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xml:lang="en-US" id="id_437052_565544_12_1">Impairment of vessel deposits</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="us-gaap_AssetImpairmentCharges_lbl" xml:lang="en-US" id="id_437052_565544_8_1">Impairment - vessel purchase options</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetImpairmentCharges" xlink:to="us-gaap_AssetImpairmentCharges_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US" id="id_437052_569254_1_1">Assets</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Assets_lbl" xml:lang="en-US" id="id_437052_569254_6_1">Total Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AssetsAbstract" xlink:label="us-gaap_AssetsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US" id="id_437052_581095_1_1">Assets [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsAbstract_lbl" xml:lang="en-US" id="id_437052_581095_2_1">Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsAbstract" xlink:to="us-gaap_AssetsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsCurrent_lbl" xml:lang="en-US" id="id_437052_578885_1_1">Assets Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsCurrent_lbl" xml:lang="en-US" id="id_437052_578885_6_1">Total current assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AssetsMember" xlink:label="us-gaap_AssetsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsMember_lbl" xml:lang="en-US" id="id_437052_567218_1_1">Assets [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_AssetsMember_lbl" xml:lang="en-US" id="id_437052_567218_2_1">Assets [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsMember" xlink:to="us-gaap_AssetsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_AssetsNoncurrent" xlink:label="us-gaap_AssetsNoncurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_AssetsNoncurrent_lbl" xml:lang="en-US" id="id_437052_582112_1_1">Assets Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_AssetsNoncurrent_lbl" xml:lang="en-US" id="id_437052_582112_6_1">Total non-current assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNoncurrent" xlink:to="us-gaap_AssetsNoncurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AtMergerMember" xlink:label="gsl_AtMergerMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AtMergerMember_lbl" xml:lang="en-US" id="id_437052_867527_3_1">At Merger [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AtMergerMember_lbl" xml:lang="en-US" id="id_437052_867527_1_1">At Merger [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_AtMergerMember_lbl" xml:lang="en-US" id="id_437052_867527_2_1">At Merger [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AtMergerMember" xlink:to="gsl_AtMergerMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AvailableToAllocateProrataBetweenClassaAndClassbBasic" xlink:label="gsl_AvailableToAllocateProrataBetweenClassaAndClassbBasic"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AvailableToAllocateProrataBetweenClassaAndClassbBasic_lbl" xml:lang="en-US" id="id_437052_870526_3_1">Available To Allocate Prorata Between Classa And Classb Basic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AvailableToAllocateProrataBetweenClassaAndClassbBasic_lbl" xml:lang="en-US" id="id_437052_870526_1_1">Available To Allocate Prorata Between Classa And Classb Basic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_AvailableToAllocateProrataBetweenClassaAndClassbBasic_lbl" xml:lang="en-US" id="id_437052_870526_2_1">Available to- allocate pro-rata between Class A and B</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AvailableToAllocateProrataBetweenClassaAndClassbBasic" xlink:to="gsl_AvailableToAllocateProrataBetweenClassaAndClassbBasic_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_AvailableToAllocateProrataBetweenClassaAndClassbDiluted" xlink:label="gsl_AvailableToAllocateProrataBetweenClassaAndClassbDiluted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_AvailableToAllocateProrataBetweenClassaAndClassbDiluted_lbl" xml:lang="en-US" id="id_437052_870525_3_1">Available To Allocate Prorata Between Classa And Classb Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_AvailableToAllocateProrataBetweenClassaAndClassbDiluted_lbl" xml:lang="en-US" id="id_437052_870525_1_1">Available To Allocate Prorata Between Classa And Classb Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_AvailableToAllocateProrataBetweenClassaAndClassbDiluted_lbl" xml:lang="en-US" id="id_437052_870525_2_1">Available to - allocate pro rata between Class A and B</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_AvailableToAllocateProrataBetweenClassaAndClassbDiluted" xlink:to="gsl_AvailableToAllocateProrataBetweenClassaAndClassbDiluted_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_BondsRedeemableForShares" xlink:label="gsl_BondsRedeemableForShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_BondsRedeemableForShares_lbl" xml:lang="en-US" id="id_437052_866223_3_1">Bonds Redeemable For Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_BondsRedeemableForShares_lbl" xml:lang="en-US" id="id_437052_866223_1_1">Bonds Redeemable For Shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_BondsRedeemableForShares_lbl" xml:lang="en-US" id="id_437052_866223_2_1">Bonds redeemable for shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_BondsRedeemableForShares" xlink:to="gsl_BondsRedeemableForShares_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_BusinessAcquisitionAcquireeDomain" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xml:lang="en-US" id="id_437052_568820_1_1">Business Acquisition Acquiree [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessAcquisitionAcquireeDomain_lbl" xml:lang="en-US" id="id_437052_568820_2_1">Business Acquisition, Acquiree [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAcquireeDomain" xlink:to="us-gaap_BusinessAcquisitionAcquireeDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_BusinessAcquisitionAxis" xlink:label="us-gaap_BusinessAcquisitionAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xml:lang="en-US" id="id_437052_581281_1_1">Business Acquisition [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_BusinessAcquisitionAxis_lbl" xml:lang="en-US" id="id_437052_581281_2_1">Business Acquisition [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionAxis" xlink:to="us-gaap_BusinessAcquisitionAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CapacityOfVesselsInTwentyFootEquivalentUnits" xlink:label="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits_lbl" xml:lang="en-US" id="id_437052_811867_3_1">Capacity Of Vessels In Twenty Foot Equivalent Units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits_lbl" xml:lang="en-US" id="id_437052_811867_1_1">Capacity Of Vessels In Twenty Foot Equivalent Units</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits_lbl" xml:lang="en-US" id="id_437052_811867_2_1">Capacity in TEUs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits" xlink:to="gsl_CapacityOfVesselsInTwentyFootEquivalentUnits_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CapitalizedCostsRelatingToDryDocking" xlink:label="gsl_CapitalizedCostsRelatingToDryDocking"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CapitalizedCostsRelatingToDryDocking_lbl" xml:lang="en-US" id="id_437052_813263_3_1">The cash outflow for capitalized costs relating to drydocking.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CapitalizedCostsRelatingToDryDocking_lbl" xml:lang="en-US" id="id_437052_813263_1_1">Capitalized Costs Relating To Dry Docking</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="gsl_CapitalizedCostsRelatingToDryDocking_lbl" xml:lang="en-US" id="id_437052_813263_8_1">Costs relating to drydockings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CapitalizedCostsRelatingToDryDocking" xlink:to="gsl_CapitalizedCostsRelatingToDryDocking_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" id="id_437052_569655_1_1">Cash And Cash Equivalents At Carrying Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" id="id_437052_569655_4_1">Cash and Cash Equivalents at end of Year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" id="id_437052_569655_5_1">Cash and Cash Equivalents at start of Year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl" xml:lang="en-US" id="id_437052_569655_2_1">Cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xml:lang="en-US" id="id_437052_570920_1_1">Cash And Cash Equivalents Period Increase Decrease</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl" xml:lang="en-US" id="id_437052_570920_6_1">Net Increase(Decrease) in Cash and Cash Equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease" xlink:to="us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_581450_1_1">Cash And Cash Equivalents Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_581450_2_1">Cash and cash equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsPolicyTextBlock" xlink:to="us-gaap_CashAndCashEquivalentsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_lbl" xml:lang="en-US" id="id_437052_575432_1_1">Cash And Cash Equivalents Restricted Cash And Cash Equivalents Policy</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_lbl" xml:lang="en-US" id="id_437052_575432_2_1">Restricted cash</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy" xlink:to="us-gaap_CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CharterhireAmountOutstanding" xlink:label="gsl_CharterhireAmountOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CharterhireAmountOutstanding_lbl" xml:lang="en-US" id="id_437052_866321_3_1">Charterhire Amount Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CharterhireAmountOutstanding_lbl" xml:lang="en-US" id="id_437052_866321_1_1">Charterhire Amount Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CharterhireAmountOutstanding_lbl" xml:lang="en-US" id="id_437052_866321_2_1">Charter hire outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gsl_CharterhireAmountOutstanding_lbl" xml:lang="en-US" id="id_437052_866321_12_1">Charterhire, outstanding amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterhireAmountOutstanding" xlink:to="gsl_CharterhireAmountOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CharterhireDueDate" xlink:label="gsl_CharterhireDueDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CharterhireDueDate_lbl" xml:lang="en-US" id="id_437052_813145_3_1">Charterhire Due Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CharterhireDueDate_lbl" xml:lang="en-US" id="id_437052_813145_1_1">Charterhire Due Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CharterhireDueDate_lbl" xml:lang="en-US" id="id_437052_813145_2_1">Charter hire due date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gsl_CharterhireDueDate_lbl" xml:lang="en-US" id="id_437052_813145_12_1">Charterhire, due date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterhireDueDate" xlink:to="gsl_CharterhireDueDate_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CharterHireFutureMaximumContractedReceivableCurrent" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableCurrent_lbl" xml:lang="en-US" id="id_437052_868780_3_1">Charter Hire Future Maximum Contracted Receivable Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableCurrent_lbl" xml:lang="en-US" id="id_437052_868780_1_1">Charter Hire Future Maximum Contracted Receivable Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableCurrent_lbl" xml:lang="en-US" id="id_437052_868780_2_1">2013</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireFutureMaximumContractedReceivableCurrent" xlink:to="gsl_CharterHireFutureMaximumContractedReceivableCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CharterHireFutureMaximumContractedReceivableInFiveYears" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInFiveYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInFiveYears_lbl" xml:lang="en-US" id="id_437052_868786_3_1">Charter Hire Future Maximum Contracted Receivable In Five Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInFiveYears_lbl" xml:lang="en-US" id="id_437052_868786_1_1">Charter Hire Future Maximum Contracted Receivable In Five Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInFiveYears_lbl" xml:lang="en-US" id="id_437052_868786_2_1">2017</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireFutureMaximumContractedReceivableInFiveYears" xlink:to="gsl_CharterHireFutureMaximumContractedReceivableInFiveYears_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CharterHireFutureMaximumContractedReceivableInFourYears" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInFourYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInFourYears_lbl" xml:lang="en-US" id="id_437052_868785_3_1">Charter Hire Future Maximum Contracted Receivable In Four Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInFourYears_lbl" xml:lang="en-US" id="id_437052_868785_1_1">Charter Hire Future Maximum Contracted Receivable In Four Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInFourYears_lbl" xml:lang="en-US" id="id_437052_868785_2_1">2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireFutureMaximumContractedReceivableInFourYears" xlink:to="gsl_CharterHireFutureMaximumContractedReceivableInFourYears_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CharterHireFutureMaximumContractedReceivableInThreeYears" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInThreeYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInThreeYears_lbl" xml:lang="en-US" id="id_437052_868782_3_1">Charter Hire Future Maximum Contracted Receivable In Three Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInThreeYears_lbl" xml:lang="en-US" id="id_437052_868782_1_1">Charter Hire Future Maximum Contracted Receivable In Three Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInThreeYears_lbl" xml:lang="en-US" id="id_437052_868782_2_1">2015</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireFutureMaximumContractedReceivableInThreeYears" xlink:to="gsl_CharterHireFutureMaximumContractedReceivableInThreeYears_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CharterHireFutureMaximumContractedReceivableInTwoYears" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInTwoYears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInTwoYears_lbl" xml:lang="en-US" id="id_437052_868781_3_1">Charter Hire Future Maximum Contracted Receivable In Two Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInTwoYears_lbl" xml:lang="en-US" id="id_437052_868781_1_1">Charter Hire Future Maximum Contracted Receivable In Two Years</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableInTwoYears_lbl" xml:lang="en-US" id="id_437052_868781_2_1">2014</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireFutureMaximumContractedReceivableInTwoYears" xlink:to="gsl_CharterHireFutureMaximumContractedReceivableInTwoYears_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CharterHireFutureMaximumContractedReceivableThereafter" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableThereafter"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableThereafter_lbl" xml:lang="en-US" id="id_437052_868787_3_1">Charter Hire Future Maximum Contracted Receivable Thereafter</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableThereafter_lbl" xml:lang="en-US" id="id_437052_868787_1_1">Charter Hire Future Maximum Contracted Receivable Thereafter</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CharterHireFutureMaximumContractedReceivableThereafter_lbl" xml:lang="en-US" id="id_437052_868787_2_1">Thereafter</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CharterHireFutureMaximumContractedReceivableThereafter" xlink:to="gsl_CharterHireFutureMaximumContractedReceivableThereafter_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ClassAWarrantsMember" xlink:label="gsl_ClassAWarrantsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ClassAWarrantsMember_lbl" xml:lang="en-US" id="id_437052_812572_3_1">Class A Warrants [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ClassAWarrantsMember_lbl" xml:lang="en-US" id="id_437052_812572_1_1">Class A Warrants [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ClassAWarrantsMember_lbl" xml:lang="en-US" id="id_437052_812572_2_1">Class A Warrants [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ClassAWarrantsMember" xlink:to="gsl_ClassAWarrantsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ClassOfStockDomain" xlink:label="us-gaap_ClassOfStockDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfStockDomain_lbl" xml:lang="en-US" id="id_437052_576434_1_1">Class Of Stock [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClassOfStockDomain_lbl" xml:lang="en-US" id="id_437052_576434_2_1">Class of Stock [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_ClassOfStockDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ClassOfStockLineItems" xlink:label="us-gaap_ClassOfStockLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xml:lang="en-US" id="id_437052_572717_1_1">Class Of Stock [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ClassOfStockLineItems_lbl" xml:lang="en-US" id="id_437052_572717_2_1">Class of Stock [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockLineItems" xlink:to="us-gaap_ClassOfStockLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CmaCgmaLlcazarMember" xlink:label="gsl_CmaCgmaLlcazarMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CmaCgmaLlcazarMember_lbl" xml:lang="en-US" id="id_437052_812005_3_1">Cma Cgma Llcazar [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CmaCgmaLlcazarMember_lbl" xml:lang="en-US" id="id_437052_812005_1_1">Cma Cgma Llcazar [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CmaCgmaLlcazarMember_lbl" xml:lang="en-US" id="id_437052_812005_2_1">CMA CGM Alcazar [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmaLlcazarMember" xlink:to="gsl_CmaCgmaLlcazarMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CmaCgmAmericaMember" xlink:label="gsl_CmaCgmAmericaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CmaCgmAmericaMember_lbl" xml:lang="en-US" id="id_437052_812022_3_1">Cma Cgm America [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CmaCgmAmericaMember_lbl" xml:lang="en-US" id="id_437052_812022_1_1">Cma Cgm America [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CmaCgmAmericaMember_lbl" xml:lang="en-US" id="id_437052_812022_2_1">CMA CGM America [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmAmericaMember" xlink:to="gsl_CmaCgmAmericaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CmaCgmBerliozMember" xlink:label="gsl_CmaCgmBerliozMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CmaCgmBerliozMember_lbl" xml:lang="en-US" id="id_437052_812021_3_1">Cma Cgm Berlioz [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CmaCgmBerliozMember_lbl" xml:lang="en-US" id="id_437052_812021_1_1">Cma Cgm Berlioz [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CmaCgmBerliozMember_lbl" xml:lang="en-US" id="id_437052_812021_2_1">CMA CGM Berlioz [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmBerliozMember" xlink:to="gsl_CmaCgmBerliozMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CmaCgmChteauLfMember" xlink:label="gsl_CmaCgmChteauLfMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CmaCgmChteauLfMember_lbl" xml:lang="en-US" id="id_437052_812006_3_1">Cma Cgm Chteau D lf [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CmaCgmChteauLfMember_lbl" xml:lang="en-US" id="id_437052_812006_1_1">Cma Cgm Chteau Lf [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CmaCgmChteauLfMember_lbl" xml:lang="en-US" id="id_437052_812006_2_1">CMA CGM Chteau d' lf [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmChteauLfMember" xlink:to="gsl_CmaCgmChteauLfMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CmaCgmJamaicaMember" xlink:label="gsl_CmaCgmJamaicaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CmaCgmJamaicaMember_lbl" xml:lang="en-US" id="id_437052_812008_3_1">Cma Cgm Jamaica [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CmaCgmJamaicaMember_lbl" xml:lang="en-US" id="id_437052_812008_1_1">Cma Cgm Jamaica [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CmaCgmJamaicaMember_lbl" xml:lang="en-US" id="id_437052_812008_2_1">CMA CGM Jamaica [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmJamaicaMember" xlink:to="gsl_CmaCgmJamaicaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CmaCgmLaTourMember" xlink:label="gsl_CmaCgmLaTourMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CmaCgmLaTourMember_lbl" xml:lang="en-US" id="id_437052_812002_3_1">Cma Cgm La Tour [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CmaCgmLaTourMember_lbl" xml:lang="en-US" id="id_437052_812002_1_1">Cma Cgm La Tour [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CmaCgmLaTourMember_lbl" xml:lang="en-US" id="id_437052_812002_2_1">CMA CGM La Tour [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmLaTourMember" xlink:to="gsl_CmaCgmLaTourMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CmaCgmManetMember" xlink:label="gsl_CmaCgmManetMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CmaCgmManetMember_lbl" xml:lang="en-US" id="id_437052_812003_3_1">Cma Cgm Manet [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CmaCgmManetMember_lbl" xml:lang="en-US" id="id_437052_812003_1_1">Cma Cgm Manet [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CmaCgmManetMember_lbl" xml:lang="en-US" id="id_437052_812003_2_1">CMA CGM Manet [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmManetMember" xlink:to="gsl_CmaCgmManetMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CmaCgmMatisseMember" xlink:label="gsl_CmaCgmMatisseMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CmaCgmMatisseMember_lbl" xml:lang="en-US" id="id_437052_811996_3_1">Cma Cgm Matisse [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CmaCgmMatisseMember_lbl" xml:lang="en-US" id="id_437052_811996_1_1">Cma Cgm Matisse [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CmaCgmMatisseMember_lbl" xml:lang="en-US" id="id_437052_811996_2_1">CMA CGM Matisse [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmMatisseMember" xlink:to="gsl_CmaCgmMatisseMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CmaCgmMember" xlink:label="gsl_CmaCgmMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CmaCgmMember_lbl" xml:lang="en-US" id="id_437052_812499_3_1">Cma Cgm [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CmaCgmMember_lbl" xml:lang="en-US" id="id_437052_812499_1_1">Cma Cgm [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CmaCgmMember_lbl" xml:lang="en-US" id="id_437052_812499_2_1">CMA CGM [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmMember" xlink:to="gsl_CmaCgmMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CmaCgmSambharMember" xlink:label="gsl_CmaCgmSambharMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CmaCgmSambharMember_lbl" xml:lang="en-US" id="id_437052_812009_3_1">Cma Cgm Sambhar [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CmaCgmSambharMember_lbl" xml:lang="en-US" id="id_437052_812009_1_1">Cma Cgm Sambhar [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CmaCgmSambharMember_lbl" xml:lang="en-US" id="id_437052_812009_2_1">CMA CGM Sambhar [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmSambharMember" xlink:to="gsl_CmaCgmSambharMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CmaCgmThalassaMember" xlink:label="gsl_CmaCgmThalassaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CmaCgmThalassaMember_lbl" xml:lang="en-US" id="id_437052_812007_3_1">Cma Cgm Thalassa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CmaCgmThalassaMember_lbl" xml:lang="en-US" id="id_437052_812007_1_1">Cma Cgm Thalassa [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CmaCgmThalassaMember_lbl" xml:lang="en-US" id="id_437052_812007_2_1">CMA CGM Thalassa [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmThalassaMember" xlink:to="gsl_CmaCgmThalassaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CmaCgmUtrilloMember" xlink:label="gsl_CmaCgmUtrilloMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CmaCgmUtrilloMember_lbl" xml:lang="en-US" id="id_437052_811997_3_1">Cma Cgm Utrillo [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CmaCgmUtrilloMember_lbl" xml:lang="en-US" id="id_437052_811997_1_1">Cma Cgm Utrillo [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CmaCgmUtrilloMember_lbl" xml:lang="en-US" id="id_437052_811997_2_1">CMA CGM Utrillo [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CmaCgmUtrilloMember" xlink:to="gsl_CmaCgmUtrilloMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xml:lang="en-US" id="id_437052_577863_1_1">Commitments And Contingencies</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommitmentsAndContingencies_lbl" xml:lang="en-US" id="id_437052_577863_2_1">Commitments and contingencies (note 12)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xml:lang="en-US" id="id_437052_568272_1_1">Commitments And Contingencies Disclosure [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl" xml:lang="en-US" id="id_437052_568272_2_1">Commitments and Contingencies Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureAbstract" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xml:lang="en-US" id="id_437052_578699_1_1">Commitments And Contingencies Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl" xml:lang="en-US" id="id_437052_578699_2_1">Commitments and Contingencies</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonClassAMember" xlink:label="us-gaap_CommonClassAMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonClassAMember_lbl" xml:lang="en-US" id="id_437052_578162_1_1">Common Class A [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonClassAMember_lbl" xml:lang="en-US" id="id_437052_578162_2_1">Class A Common Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonClassAMember" xlink:to="us-gaap_CommonClassAMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonClassBMember" xlink:label="us-gaap_CommonClassBMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonClassBMember_lbl" xml:lang="en-US" id="id_437052_577986_1_1">Common Class B [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonClassBMember_lbl" xml:lang="en-US" id="id_437052_577986_2_1">Class B Common stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonClassBMember" xlink:to="us-gaap_CommonClassBMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockConversionFeatures" xlink:label="us-gaap_CommonStockConversionFeatures"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockConversionFeatures_lbl" xml:lang="en-US" id="id_437052_574153_1_1">Common Stock Conversion Features</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockConversionFeatures_lbl" xml:lang="en-US" id="id_437052_574153_2_1">Possible future conversion basis for Class B common shares to Class A common shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockConversionFeatures" xlink:to="us-gaap_CommonStockConversionFeatures_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_CommonStockDividendPerShareDeclared" xlink:label="gsl_CommonStockDividendPerShareDeclared"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_CommonStockDividendPerShareDeclared_lbl" xml:lang="en-US" id="id_437052_805068_3_1">Common Stock Dividend Per Share Declared</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_CommonStockDividendPerShareDeclared_lbl" xml:lang="en-US" id="id_437052_805068_1_1">Common Stock Dividend Per Share Declared</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_CommonStockDividendPerShareDeclared_lbl" xml:lang="en-US" id="id_437052_805068_2_1">Dividends declared</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_CommonStockDividendPerShareDeclared" xlink:to="gsl_CommonStockDividendPerShareDeclared_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US" id="id_437052_565727_1_1">Common Stock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockMember_lbl" xml:lang="en-US" id="id_437052_565727_2_1">Common Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US" id="id_437052_580157_1_1">Common Stock Par Or Stated Value Per Share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare_lbl" xml:lang="en-US" id="id_437052_580157_2_1">Common stock, par value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockSharesAuthorized" xlink:label="us-gaap_CommonStockSharesAuthorized"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US" id="id_437052_566386_1_1">Common Stock Shares Authorized</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockSharesAuthorized_lbl" xml:lang="en-US" id="id_437052_566386_2_1">Common stock, shares authorized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesAuthorized" xlink:to="us-gaap_CommonStockSharesAuthorized_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US" id="id_437052_572997_1_1">Common Stock Shares Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockSharesIssued_lbl" xml:lang="en-US" id="id_437052_572997_2_1">Common stock, shares issued</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_437052_577982_1_1">Common Stock Shares Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_437052_577982_4_1">Balance, shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_437052_577982_5_1">Balance, shares</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockSharesOutstanding_lbl" xml:lang="en-US" id="id_437052_577982_2_1">Common stock, shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US" id="id_437052_573386_1_1">Common Stock Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_CommonStockValue_lbl" xml:lang="en-US" id="id_437052_573386_2_1">Common stock</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ComponentOfOtherExpenseNonoperatingAxis" xlink:label="us-gaap_ComponentOfOtherExpenseNonoperatingAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ComponentOfOtherExpenseNonoperatingAxis_lbl" xml:lang="en-US" id="id_437052_566139_1_1">Component Of Other Expense Nonoperating [Axis]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ConcentrationRiskTable_lbl" xml:lang="en-US" id="id_437052_582071_2_1">Concentration Risk [Table]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DebtInstrumentTable_lbl" xml:lang="en-US" id="id_437052_573776_1_1">Debt Instrument [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DebtInstrumentTable_lbl" xml:lang="en-US" id="id_437052_573776_2_1">Schedule of Long-term Debt Instruments [Table]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DefaultFinancialStatementsDateMember_lbl" xml:lang="en-US" id="id_437052_582230_1_1">Default Financial Statements Date [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DefaultFinancialStatementsDateMember_lbl" xml:lang="en-US" id="id_437052_582230_2_1">Financial Statements Date [Domain]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTitleOfIndividualAxis" xlink:label="us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTitleOfIndividualAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTitleOfIndividualAxis_lbl" xml:lang="en-US" id="id_437052_580672_1_1">Deferred Compensation Arrangement With Individual Excluding Share Based Payments And Postretirement Benefits By Title Of Individual [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredCompensationArrangementWithIndividualExcludingShareBasedPaymentsAndPostretirementBenefitsByTitleOfIndividualAxis_lbl" xml:lang="en-US" id="id_437052_580672_2_1">Deferred Bonus and Profit Sharing Plan by Title of Individual [Axis]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract" xlink:label="us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureAbstract"/>
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    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DeferredCostsCurrentAndNoncurrentLineItems" xlink:label="gsl_DeferredCostsCurrentAndNoncurrentLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DeferredCostsCurrentAndNoncurrentLineItems_lbl" xml:lang="en-US" id="id_437052_866104_3_1">Deferred Costs Current And Noncurrent [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DeferredCostsCurrentAndNoncurrentLineItems_lbl" xml:lang="en-US" id="id_437052_866104_1_1">Deferred Costs Current And Noncurrent [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DeferredCostsCurrentAndNoncurrentLineItems_lbl" xml:lang="en-US" id="id_437052_866104_2_1">Deferred Costs Current And Noncurrent [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeferredCostsCurrentAndNoncurrentLineItems" xlink:to="gsl_DeferredCostsCurrentAndNoncurrentLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DeferredFinanceCostsCurrentNet" xlink:label="us-gaap_DeferredFinanceCostsCurrentNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredFinanceCostsCurrentNet_lbl" xml:lang="en-US" id="id_437052_567001_1_1">Deferred Finance Costs Current Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredFinanceCostsCurrentNet_lbl" xml:lang="en-US" id="id_437052_567001_2_1">Deferred financing costs (note 7)</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DeferredFinanceCostsNet" xlink:label="us-gaap_DeferredFinanceCostsNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xml:lang="en-US" id="id_437052_566899_1_1">Deferred Finance Costs Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xml:lang="en-US" id="id_437052_566899_4_1">Closing balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_DeferredFinanceCostsNet_lbl" xml:lang="en-US" id="id_437052_566899_5_1">Opening balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsNet" xlink:to="us-gaap_DeferredFinanceCostsNet_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DeferredFinanceCostsNoncurrentNet" xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet_lbl" xml:lang="en-US" id="id_437052_567996_1_1">Deferred Finance Costs Noncurrent Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredFinanceCostsNoncurrentNet_lbl" xml:lang="en-US" id="id_437052_567996_2_1">Deferred financing costs (note 7)</label>
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    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DeferredFinancingCostsLineItems" xlink:label="gsl_DeferredFinancingCostsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DeferredFinancingCostsLineItems_lbl" xml:lang="en-US" id="id_437052_867471_3_1">Deferred Financing Costs [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DeferredFinancingCostsLineItems_lbl" xml:lang="en-US" id="id_437052_867471_1_1">Deferred Financing Costs [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DeferredFinancingCostsLineItems_lbl" xml:lang="en-US" id="id_437052_867471_2_1">Deferred Financing Costs [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeferredFinancingCostsLineItems" xlink:to="gsl_DeferredFinancingCostsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DeferredFinancingCostsPolicyTextBlock" xlink:label="gsl_DeferredFinancingCostsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DeferredFinancingCostsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_607296_3_1">Deferred Financing Costs Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DeferredFinancingCostsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_607296_1_1">Deferred Financing Costs Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DeferredFinancingCostsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_607296_2_1">Deferred financing costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeferredFinancingCostsPolicyTextBlock" xlink:to="gsl_DeferredFinancingCostsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DeferredFinancingCostsTextBlock" xlink:label="gsl_DeferredFinancingCostsTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DeferredFinancingCostsTextBlock_lbl" xml:lang="en-US" id="id_437052_818122_3_1">Deferred Financing Costs [Text Block].</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DeferredFinancingCostsTextBlock_lbl" xml:lang="en-US" id="id_437052_818122_1_1">Deferred Financing Costs [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DeferredFinancingCostsTextBlock_lbl" xml:lang="en-US" id="id_437052_818122_2_1">Deferred Financing Costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeferredFinancingCostsTextBlock" xlink:to="gsl_DeferredFinancingCostsTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DeferredFinancingCostTable" xlink:label="gsl_DeferredFinancingCostTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DeferredFinancingCostTable_lbl" xml:lang="en-US" id="id_437052_754542_3_1">Deferred Financing Cost [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DeferredFinancingCostTable_lbl" xml:lang="en-US" id="id_437052_754542_1_1">Deferred Financing Cost [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DeferredFinancingCostTable_lbl" xml:lang="en-US" id="id_437052_754542_2_1">Deferred Financing Cost [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DeferredFinancingCostTable" xlink:to="gsl_DeferredFinancingCostTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DeferredTaxAssetsNet" xlink:label="us-gaap_DeferredTaxAssetsNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsNet_lbl" xml:lang="en-US" id="id_437052_571943_1_1">Deferred Tax Assets Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsNet_lbl" xml:lang="en-US" id="id_437052_571943_2_1">Deferred tax asset</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsNetCurrent_lbl" xml:lang="en-US" id="id_437052_575663_1_1">Deferred Tax Assets Net Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsNetCurrent_lbl" xml:lang="en-US" id="id_437052_575663_2_1">Deferred tax</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:label="us-gaap_DeferredTaxAssetsNetNoncurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxAssetsNetNoncurrent_lbl" xml:lang="en-US" id="id_437052_569156_1_1">Deferred Tax Assets Net Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxAssetsNetNoncurrent_lbl" xml:lang="en-US" id="id_437052_569156_2_1">Deferred tax</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxAssetsNetNoncurrent" xlink:to="us-gaap_DeferredTaxAssetsNetNoncurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DeferredTaxLiabilities" xlink:label="us-gaap_DeferredTaxLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_437052_568763_1_1">Deferred Tax Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxLiabilities_lbl" xml:lang="en-US" id="id_437052_568763_2_1">Deferred tax liability recognized</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilities" xlink:to="us-gaap_DeferredTaxLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent_lbl" xml:lang="en-US" id="id_437052_572782_1_1">Deferred Tax Liabilities Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DeferredTaxLiabilitiesNoncurrent_lbl" xml:lang="en-US" id="id_437052_572782_2_1">Deferred tax liability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredTaxLiabilitiesNoncurrent" xlink:to="us-gaap_DeferredTaxLiabilitiesNoncurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DelmasKetaMember" xlink:label="gsl_DelmasKetaMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DelmasKetaMember_lbl" xml:lang="en-US" id="id_437052_811998_3_1">Delmas Keta [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DelmasKetaMember_lbl" xml:lang="en-US" id="id_437052_811998_1_1">Delmas Keta [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DelmasKetaMember_lbl" xml:lang="en-US" id="id_437052_811998_2_1">Delmas Keta [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DelmasKetaMember" xlink:to="gsl_DelmasKetaMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DepreciationAndAmortizationOfCapitalizedSoftware" xlink:label="gsl_DepreciationAndAmortizationOfCapitalizedSoftware"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DepreciationAndAmortizationOfCapitalizedSoftware_lbl" xml:lang="en-US" id="id_437052_707232_3_1">Depreciation And Amortization Of Capitalized Software</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DepreciationAndAmortizationOfCapitalizedSoftware_lbl" xml:lang="en-US" id="id_437052_707232_1_1">Depreciation And Amortization Of Capitalized Software</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="gsl_DepreciationAndAmortizationOfCapitalizedSoftware_lbl" xml:lang="en-US" id="id_437052_707232_8_1">Depreciation - software development</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="us-gaap_DepreciationDepletionAndAmortization"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US" id="id_437052_565916_1_1">Depreciation Depletion And Amortization</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DepreciationDepletionAndAmortization_lbl" xml:lang="en-US" id="id_437052_565916_2_1">Depreciation</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativeFixedInterestRate" xlink:label="us-gaap_DerivativeFixedInterestRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeFixedInterestRate_lbl" xml:lang="en-US" id="id_437052_565941_1_1">Derivative Fixed Interest Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeFixedInterestRate_lbl" xml:lang="en-US" id="id_437052_565941_2_1">Fixed Rate %</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeFixedInterestRate" xlink:to="us-gaap_DerivativeFixedInterestRate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativeInceptionDates" xlink:label="us-gaap_DerivativeInceptionDates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInceptionDates_lbl" xml:lang="en-US" id="id_437052_569474_1_1">Derivative Inception Dates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInceptionDates_lbl" xml:lang="en-US" id="id_437052_569474_2_1">Start Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInceptionDates" xlink:to="us-gaap_DerivativeInceptionDates_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentEightMember" xlink:label="gsl_DerivativeInstrumentEightMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentEightMember_lbl" xml:lang="en-US" id="id_437052_813371_3_1">Derivative Instrument Eight [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentEightMember_lbl" xml:lang="en-US" id="id_437052_813371_1_1">Derivative Instrument Eight [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentEightMember_lbl" xml:lang="en-US" id="id_437052_813371_2_1">December 17, 2008, Five [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentEightMember" xlink:to="gsl_DerivativeInstrumentEightMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentFiveMember" xlink:label="gsl_DerivativeInstrumentFiveMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentFiveMember_lbl" xml:lang="en-US" id="id_437052_813368_3_1">Derivative Instrument Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentFiveMember_lbl" xml:lang="en-US" id="id_437052_813368_1_1">Derivative Instrument Five [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentFiveMember_lbl" xml:lang="en-US" id="id_437052_813368_2_1">December 17, 2008, Two [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentFiveMember" xlink:to="gsl_DerivativeInstrumentFiveMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentFourMember" xlink:label="gsl_DerivativeInstrumentFourMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentFourMember_lbl" xml:lang="en-US" id="id_437052_813367_3_1">Derivative Instrument Four [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentFourMember_lbl" xml:lang="en-US" id="id_437052_813367_1_1">Derivative Instrument Four [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentFourMember_lbl" xml:lang="en-US" id="id_437052_813367_2_1">December 17, 2008, One [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentFourMember" xlink:to="gsl_DerivativeInstrumentFourMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentNineMember" xlink:label="gsl_DerivativeInstrumentNineMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentNineMember_lbl" xml:lang="en-US" id="id_437052_813372_3_1">Derivative Instrument Nine [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentNineMember_lbl" xml:lang="en-US" id="id_437052_813372_1_1">Derivative Instrument Nine [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentNineMember_lbl" xml:lang="en-US" id="id_437052_813372_2_1">July 15, 2009 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentNineMember" xlink:to="gsl_DerivativeInstrumentNineMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentOneMember" xlink:label="gsl_DerivativeInstrumentOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentOneMember_lbl" xml:lang="en-US" id="id_437052_813365_3_1">Derivative Instrument One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentOneMember_lbl" xml:lang="en-US" id="id_437052_813365_1_1">Derivative Instrument One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentOneMember_lbl" xml:lang="en-US" id="id_437052_813365_2_1">May 19, 2008 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentOneMember" xlink:to="gsl_DerivativeInstrumentOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_lbl" xml:lang="en-US" id="id_437052_574860_1_1">Derivative Instruments And Hedging Activities Disclosure [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_lbl" xml:lang="en-US" id="id_437052_574860_2_1">Derivative Instruments and Hedging Activities Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract" xlink:to="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentsAndHedgingActivitiesLineItems" xlink:label="gsl_DerivativeInstrumentsAndHedgingActivitiesLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentsAndHedgingActivitiesLineItems_lbl" xml:lang="en-US" id="id_437052_589030_3_1">Derivative Instruments And Hedging Activities [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentsAndHedgingActivitiesLineItems_lbl" xml:lang="en-US" id="id_437052_589030_1_1">Derivative Instruments And Hedging Activities [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentsAndHedgingActivitiesLineItems_lbl" xml:lang="en-US" id="id_437052_589030_2_1">Derivative Instruments And Hedging Activities [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentsAndHedgingActivitiesLineItems" xlink:to="gsl_DerivativeInstrumentsAndHedgingActivitiesLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentsDisclosureTextBlock" xlink:label="gsl_DerivativeInstrumentsDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_437052_866102_3_1">Disclosure of the entity's derivative instruments.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_437052_866102_1_1">Derivative Instruments Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_437052_866102_2_1">Derivative Instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentsDisclosureTextBlock" xlink:to="gsl_DerivativeInstrumentsDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentSevenMember" xlink:label="gsl_DerivativeInstrumentSevenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentSevenMember_lbl" xml:lang="en-US" id="id_437052_813370_3_1">Derivative Instrument Seven[Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentSevenMember_lbl" xml:lang="en-US" id="id_437052_813370_1_1">Derivative Instrument Seven [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentSevenMember_lbl" xml:lang="en-US" id="id_437052_813370_2_1">December 17, 2008, Four [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentSevenMember" xlink:to="gsl_DerivativeInstrumentSevenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable" xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_lbl" xml:lang="en-US" id="id_437052_573732_1_1">Derivative Instruments Gain Loss By Hedging Relationship By Income Statement Location By Derivative Instrument Risk [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_lbl" xml:lang="en-US" id="id_437052_573732_2_1">Derivative Instruments, Gain (Loss) by Hedging Relationship, by Income Statement Location, by Derivative Instrument Risk [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable" xlink:to="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipByIncomeStatementLocationByDerivativeInstrumentRiskTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativeInstrumentsGainLossLineItems" xlink:label="us-gaap_DerivativeInstrumentsGainLossLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeInstrumentsGainLossLineItems_lbl" xml:lang="en-US" id="id_437052_571331_1_1">Derivative Instruments Gain Loss [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeInstrumentsGainLossLineItems_lbl" xml:lang="en-US" id="id_437052_571331_2_1">Derivative Instruments, Gain (Loss) [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsGainLossLineItems" xlink:to="us-gaap_DerivativeInstrumentsGainLossLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentSixMember" xlink:label="gsl_DerivativeInstrumentSixMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentSixMember_lbl" xml:lang="en-US" id="id_437052_813369_3_1">Derivative Instrument Six [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentSixMember_lbl" xml:lang="en-US" id="id_437052_813369_1_1">Derivative Instrument Six [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentSixMember_lbl" xml:lang="en-US" id="id_437052_813369_2_1">December 17, 2008, Three [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentSixMember" xlink:to="gsl_DerivativeInstrumentSixMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentsLineItems" xlink:label="gsl_DerivativeInstrumentsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentsLineItems_lbl" xml:lang="en-US" id="id_437052_614296_3_1">Derivative Instruments [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentsLineItems_lbl" xml:lang="en-US" id="id_437052_614296_1_1">Derivative Instruments [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentsLineItems_lbl" xml:lang="en-US" id="id_437052_614296_2_1">Derivative Instruments [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentsLineItems" xlink:to="gsl_DerivativeInstrumentsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentsMember" xlink:label="gsl_DerivativeInstrumentsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentsMember_lbl" xml:lang="en-US" id="id_437052_604657_3_1">Derivative Instruments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentsMember_lbl" xml:lang="en-US" id="id_437052_604657_1_1">Derivative Instruments [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentsMember_lbl" xml:lang="en-US" id="id_437052_604657_2_1">May 12, 2008 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentsMember" xlink:to="gsl_DerivativeInstrumentsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentsTable" xlink:label="gsl_DerivativeInstrumentsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentsTable_lbl" xml:lang="en-US" id="id_437052_616537_3_1">Derivative Instruments [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentsTable_lbl" xml:lang="en-US" id="id_437052_616537_1_1">Derivative Instruments [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentsTable_lbl" xml:lang="en-US" id="id_437052_616537_2_1">Derivative Instruments [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentsTable" xlink:to="gsl_DerivativeInstrumentsTable_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentTenMember" xlink:label="gsl_DerivativeInstrumentTenMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentTenMember_lbl" xml:lang="en-US" id="id_437052_813373_3_1">Derivative Instrument Ten [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentTenMember_lbl" xml:lang="en-US" id="id_437052_813373_1_1">Derivative Instrument Ten [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentTenMember_lbl" xml:lang="en-US" id="id_437052_813373_2_1">October 29, 2010 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentTenMember" xlink:to="gsl_DerivativeInstrumentTenMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentThreeMember" xlink:label="gsl_DerivativeInstrumentThreeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentThreeMember_lbl" xml:lang="en-US" id="id_437052_803311_3_1">Derivative Instrument Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentThreeMember_lbl" xml:lang="en-US" id="id_437052_803311_1_1">Derivative Instrument Three [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentThreeMember_lbl" xml:lang="en-US" id="id_437052_803311_2_1">November 19, 2008 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentThreeMember" xlink:to="gsl_DerivativeInstrumentThreeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DerivativeInstrumentTwoMember" xlink:label="gsl_DerivativeInstrumentTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DerivativeInstrumentTwoMember_lbl" xml:lang="en-US" id="id_437052_813366_3_1">Derivative Instrument Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DerivativeInstrumentTwoMember_lbl" xml:lang="en-US" id="id_437052_813366_1_1">Derivative Instrument Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DerivativeInstrumentTwoMember_lbl" xml:lang="en-US" id="id_437052_813366_2_1">May 20, 2008 [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DerivativeInstrumentTwoMember" xlink:to="gsl_DerivativeInstrumentTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="us-gaap_DerivativeLiabilitiesCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilitiesCurrent_lbl" xml:lang="en-US" id="id_437052_567131_1_1">Derivative Liabilities Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeLiabilitiesCurrent_lbl" xml:lang="en-US" id="id_437052_567131_2_1">Derivative instruments (note 6)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilitiesCurrent" xlink:to="us-gaap_DerivativeLiabilitiesCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="us-gaap_DerivativeLiabilitiesNoncurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeLiabilitiesNoncurrent_lbl" xml:lang="en-US" id="id_437052_573628_1_1">Derivative Liabilities Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeLiabilitiesNoncurrent_lbl" xml:lang="en-US" id="id_437052_573628_2_1">Derivative instruments (note 6)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilitiesNoncurrent" xlink:to="us-gaap_DerivativeLiabilitiesNoncurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativeMaturityDates" xlink:label="us-gaap_DerivativeMaturityDates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativeMaturityDates_lbl" xml:lang="en-US" id="id_437052_579433_1_1">Derivative Maturity Dates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativeMaturityDates_lbl" xml:lang="en-US" id="id_437052_579433_2_1">Maturity Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeMaturityDates" xlink:to="us-gaap_DerivativeMaturityDates_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/invest/2012/invest-2012-01-31.xsd#invest_DerivativeNotionalAmount" xlink:label="invest_DerivativeNotionalAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="invest_DerivativeNotionalAmount_lbl" xml:lang="en-US" id="id_437052_565308_1_1">Derivative Notional Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="invest_DerivativeNotionalAmount_lbl" xml:lang="en-US" id="id_437052_565308_2_1">Nominal Value of Interest Rate Swap Agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="invest_DerivativeNotionalAmount_lbl" xml:lang="en-US" id="id_437052_565308_12_1">Notional Amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="invest_DerivativeNotionalAmount" xlink:to="invest_DerivativeNotionalAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DerivativesPolicyTextBlock" xlink:label="us-gaap_DerivativesPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DerivativesPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_579683_1_1">Derivatives Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DerivativesPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_579683_2_1">Derivative instruments</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativesPolicyTextBlock" xlink:to="us-gaap_DerivativesPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DirectorMember" xlink:label="us-gaap_DirectorMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DirectorMember_lbl" xml:lang="en-US" id="id_437052_573199_1_1">Director [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DirectorMember_lbl" xml:lang="en-US" id="id_437052_573199_2_1">Director [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DirectorMember" xlink:to="us-gaap_DirectorMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xml:lang="en-US" id="id_437052_565688_1_1">Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl" xml:lang="en-US" id="id_437052_565688_2_1">Disclosure of Compensation Related Costs, Share-based Payments [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xml:lang="en-US" id="id_437052_577263_1_1">Disclosure Of Compensation Related Costs Share Based Payments [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl" xml:lang="en-US" id="id_437052_577263_2_1">Share-Based Compensation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock" xlink:to="us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DividendsPolicyTextBlock" xlink:label="gsl_DividendsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DividendsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_619300_3_1">Dividends Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DividendsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_619300_1_1">Dividends Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DividendsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_619300_2_1">Dividends</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DividendsPolicyTextBlock" xlink:to="gsl_DividendsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DocumentDocumentAndEntityInformationAbstract" xlink:label="gsl_DocumentDocumentAndEntityInformationAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DocumentDocumentAndEntityInformationAbstract_lbl" xml:lang="en-US" id="id_437052_655036_3_1">Document Document and Entity Information [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DocumentDocumentAndEntityInformationAbstract_lbl" xml:lang="en-US" id="id_437052_655036_1_1">Document Document And Entity Information [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DocumentDocumentAndEntityInformationAbstract_lbl" xml:lang="en-US" id="id_437052_655036_2_1">Document Documentand Entity Information [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DocumentDocumentAndEntityInformationAbstract" xlink:to="gsl_DocumentDocumentAndEntityInformationAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US" id="id_437052_565102_1_1">Document Fiscal Period Focus</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US" id="id_437052_565102_2_1">Document Fiscal Period Focus</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US" id="id_437052_565148_1_1">Document Fiscal Year Focus</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US" id="id_437052_565148_2_1">Document Fiscal Year Focus</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentInformationTable" xlink:label="dei_DocumentInformationTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentInformationTable_lbl" xml:lang="en-US" id="id_437052_565147_1_1">Document Information [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentInformationTable_lbl" xml:lang="en-US" id="id_437052_565147_2_1">Document Information [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationTable" xlink:to="dei_DocumentInformationTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" id="id_437052_565163_1_1">Document Period End Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentPeriodEndDate_lbl" xml:lang="en-US" id="id_437052_565163_2_1">Document Period End Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_DocumentType" xlink:label="dei_DocumentType"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentType_lbl" xml:lang="en-US" id="id_437052_565158_1_1">Document Type</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_DocumentType_lbl" xml:lang="en-US" id="id_437052_565158_2_1">Document Type</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DrydockExpenditureInProgress" xlink:label="gsl_DrydockExpenditureInProgress"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DrydockExpenditureInProgress_lbl" xml:lang="en-US" id="id_437052_812246_3_1">Drydock Expenditure in Progress</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DrydockExpenditureInProgress_lbl" xml:lang="en-US" id="id_437052_812246_1_1">Drydock Expenditure In Progress</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DrydockExpenditureInProgress_lbl" xml:lang="en-US" id="id_437052_812246_2_1">Drydock expenditure - in progress</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DrydockExpenditureInProgress" xlink:to="gsl_DrydockExpenditureInProgress_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_DrydockingCostPolicyTextBlock" xlink:label="gsl_DrydockingCostPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_DrydockingCostPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_811868_3_1">Drydocking Cost [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_DrydockingCostPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_811868_1_1">Drydocking Cost Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_DrydockingCostPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_811868_2_1">Drydocking costs</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_DrydockingCostPolicyTextBlock" xlink:to="gsl_DrydockingCostPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DueFromRelatedPartiesCurrent" xlink:label="us-gaap_DueFromRelatedPartiesCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DueFromRelatedPartiesCurrent_lbl" xml:lang="en-US" id="id_437052_577826_1_1">Due From Related Parties Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DueFromRelatedPartiesCurrent_lbl" xml:lang="en-US" id="id_437052_577826_2_1">Amounts due from CMA CGM companies presented within assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromRelatedPartiesCurrent" xlink:to="us-gaap_DueFromRelatedPartiesCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_DueToRelatedPartiesCurrent" xlink:label="us-gaap_DueToRelatedPartiesCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_DueToRelatedPartiesCurrent_lbl" xml:lang="en-US" id="id_437052_571640_1_1">Due To Related Parties Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_DueToRelatedPartiesCurrent_lbl" xml:lang="en-US" id="id_437052_571640_2_1">Amounts due to CMA CGM companies presented within liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueToRelatedPartiesCurrent" xlink:to="us-gaap_DueToRelatedPartiesCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareAbstract" xlink:label="us-gaap_EarningsPerShareAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xml:lang="en-US" id="id_437052_567902_1_1">Earnings Per Share [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareAbstract_lbl" xml:lang="en-US" id="id_437052_567902_2_1">Net Income (Loss) in $ per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareAbstract" xlink:to="us-gaap_EarningsPerShareAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareBasic" xlink:label="us-gaap_EarningsPerShareBasic"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US" id="id_437052_572741_1_1">Earnings Per Share Basic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US" id="id_437052_572741_2_1">Basic (note 17)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareBasic_lbl" xml:lang="en-US" id="id_437052_572741_12_1">Earnings per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasic" xlink:to="us-gaap_EarningsPerShareBasic_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareBasicAbstract" xlink:label="us-gaap_EarningsPerShareBasicAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareBasicAbstract_lbl" xml:lang="en-US" id="id_437052_579890_1_1">Earnings Per Share Basic [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareBasicAbstract_lbl" xml:lang="en-US" id="id_437052_579890_2_1">Basic Earnings per Share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareBasicAbstract" xlink:to="us-gaap_EarningsPerShareBasicAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_EarningsPerShareBasicAndDilutedLineItems" xlink:label="gsl_EarningsPerShareBasicAndDilutedLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_EarningsPerShareBasicAndDilutedLineItems_lbl" xml:lang="en-US" id="id_437052_603138_3_1">Earnings Per Share Basic And Diluted [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_EarningsPerShareBasicAndDilutedLineItems_lbl" xml:lang="en-US" id="id_437052_603138_1_1">Earnings Per Share Basic And Diluted [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_EarningsPerShareBasicAndDilutedLineItems_lbl" xml:lang="en-US" id="id_437052_603138_2_1">Earnings Per Share Basic And Diluted [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_EarningsPerShareBasicAndDilutedLineItems" xlink:to="gsl_EarningsPerShareBasicAndDilutedLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareDiluted" xlink:label="us-gaap_EarningsPerShareDiluted"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US" id="id_437052_574191_1_1">Earnings Per Share Diluted</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US" id="id_437052_574191_2_1">Diluted (note 17)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_EarningsPerShareDiluted_lbl" xml:lang="en-US" id="id_437052_574191_12_1">Earnings per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareDiluted" xlink:to="us-gaap_EarningsPerShareDiluted_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_EarningsPerShareDilutedAbstract" xlink:label="us-gaap_EarningsPerShareDilutedAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_EarningsPerShareDilutedAbstract_lbl" xml:lang="en-US" id="id_437052_579847_1_1">Earnings Per Share Diluted [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_EarningsPerShareDilutedAbstract_lbl" xml:lang="en-US" id="id_437052_579847_2_1">Diluted Earnings per Share</label>
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    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ExpenditureOnVesselsVesselPrepaymentsAndVesselDeposits" xlink:label="gsl_ExpenditureOnVesselsVesselPrepaymentsAndVesselDeposits"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueByLiabilityClassAxis_lbl" xml:lang="en-US" id="id_437052_570089_2_1">Liability Class [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByLiabilityClassAxis" xlink:to="us-gaap_FairValueByLiabilityClassAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_FairValueInterestRateSwap" xlink:label="gsl_FairValueInterestRateSwap"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_FairValueInterestRateSwap_lbl" xml:lang="en-US" id="id_437052_771293_3_1">Fair Value Interest Rate Swap Hedging Instruments</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_FairValueInterestRateSwap_lbl" xml:lang="en-US" id="id_437052_771293_2_1">Fair value of interest rate swap hedging instruments -current and non current portions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gsl_FairValueInterestRateSwap_lbl" xml:lang="en-US" id="id_437052_771293_12_1">Interest rate swap agreements, liability</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_lbl" xml:lang="en-US" id="id_437052_570772_1_1">Fair Value Liabilities Measured On Recurring Basis Unobservable Input Reconciliation By Liability Class [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_lbl" xml:lang="en-US" id="id_437052_570772_2_1">Fair Value by Liability Class [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:to="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_FairValueOfPurchaseOption" xlink:label="gsl_FairValueOfPurchaseOption"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_FairValueOfPurchaseOption_lbl" xml:lang="en-US" id="id_437052_667636_3_1">Fair Value Of Purchase Option</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_FairValueOfPurchaseOption_lbl" xml:lang="en-US" id="id_437052_667636_1_1">Fair Value Of Purchase Option</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_FairValueOfPurchaseOption_lbl" xml:lang="en-US" id="id_437052_667636_2_1">Fair value of purchase options</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FairValueOfPurchaseOption" xlink:to="gsl_FairValueOfPurchaseOption_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="us-gaap_FinancialInstrumentAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xml:lang="en-US" id="id_437052_578156_1_1">Financial Instrument [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FinancialInstrumentAxis_lbl" xml:lang="en-US" id="id_437052_578156_2_1">Financial Instrument [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentAxis" xlink:to="us-gaap_FinancialInstrumentAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xml:lang="en-US" id="id_437052_577852_1_1">Finite Lived Intangible Assets [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl" xml:lang="en-US" id="id_437052_577852_2_1">Finite-Lived Intangible Assets [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsLineItems" xlink:to="us-gaap_FiniteLivedIntangibleAssetsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossUnrealized"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossUnrealized_lbl" xml:lang="en-US" id="id_437052_569627_1_1">Foreign Currency Transaction Gain Loss Unrealized</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="us-gaap_ForeignCurrencyTransactionGainLossUnrealized_lbl" xml:lang="en-US" id="id_437052_569627_8_1">Unrealized foreign exchange loss (gain)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionGainLossUnrealized" xlink:to="us-gaap_ForeignCurrencyTransactionGainLossUnrealized_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_580185_1_1">Foreign Currency Transactions And Translations Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_580185_2_1">Foreign currency transactions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:to="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_FrenchFondsStrategiqueInvestissementMember" xlink:label="gsl_FrenchFondsStrategiqueInvestissementMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_FrenchFondsStrategiqueInvestissementMember_lbl" xml:lang="en-US" id="id_437052_866225_3_1">French Fonds Strategique Investissement [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_FrenchFondsStrategiqueInvestissementMember_lbl" xml:lang="en-US" id="id_437052_866225_1_1">French Fonds Strategique Investissement [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_FrenchFondsStrategiqueInvestissementMember_lbl" xml:lang="en-US" id="id_437052_866225_2_1">French Fonds Strategique d'Investissement [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_FrenchFondsStrategiqueInvestissementMember" xlink:to="gsl_FrenchFondsStrategiqueInvestissementMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/country/2012/country-2012-01-31.xsd#country_GB" xlink:label="country_GB"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_GB_lbl" xml:lang="en-US" id="id_437052_564913_1_1">G B</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="country_GB_lbl" xml:lang="en-US" id="id_437052_564913_2_1">UNITED KINGDOM</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_GB" xlink:to="country_GB_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="us-gaap_GeneralAndAdministrativeExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US" id="id_437052_574804_1_1">General And Administrative Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US" id="id_437052_574804_2_1">General and administrative</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_GeneralTextBlock" xlink:label="gsl_GeneralTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_GeneralTextBlock_lbl" xml:lang="en-US" id="id_437052_814198_3_1">General [Text Block].</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_GeneralTextBlock_lbl" xml:lang="en-US" id="id_437052_814198_1_1">General [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_GeneralTextBlock_lbl" xml:lang="en-US" id="id_437052_814198_2_1">General</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GeneralTextBlock" xlink:to="gsl_GeneralTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" xml:lang="en-US" id="id_437052_571858_1_1">Goodwill And Intangible Assets Disclosure [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl" xml:lang="en-US" id="id_437052_571858_2_1">Goodwill and Intangible Assets Disclosure [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract" xlink:to="us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock" xlink:label="us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_580782_1_1">Goodwill And Intangible Assets Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_GoodwillAndIntangibleAssetsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_580782_2_1">Intangible assets</label>
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    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_GrantedInMarchMember" xlink:label="gsl_GrantedInMarchMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_GrantedInMarchMember_lbl" xml:lang="en-US" id="id_437052_856908_3_1">Granted In March [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_GrantedInMarchMember_lbl" xml:lang="en-US" id="id_437052_856908_1_1">Granted In March [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_GrantedInMarchMember_lbl" xml:lang="en-US" id="id_437052_856908_2_1">Granted in March [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_GrantedInMarchMember" xlink:to="gsl_GrantedInMarchMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_GrantedInSeptemberMember" xlink:label="gsl_GrantedInSeptemberMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_GrantedInSeptemberMember_lbl" xml:lang="en-US" id="id_437052_856909_3_1">Granted In September [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_GrantedInSeptemberMember_lbl" xml:lang="en-US" id="id_437052_856909_1_1">Granted In September [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_GrantedInSeptemberMember_lbl" xml:lang="en-US" id="id_437052_856909_2_1">Granted In September [Member]</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" xml:lang="en-US" id="id_437052_569246_1_1">Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments_lbl" xml:lang="en-US" id="id_437052_569246_6_1">Income (Loss) before Income Taxes</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US" id="id_437052_571400_1_1">Income Statement [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeStatementAbstract_lbl" xml:lang="en-US" id="id_437052_571400_2_1">Income Statement [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeTaxesPaid" xlink:label="us-gaap_IncomeTaxesPaid"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxesPaid_lbl" xml:lang="en-US" id="id_437052_567139_1_1">Income Taxes Paid</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxesPaid_lbl" xml:lang="en-US" id="id_437052_567139_2_1">Total income tax paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxesPaid" xlink:to="us-gaap_IncomeTaxesPaid_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit" xlink:label="us-gaap_IncomeTaxExpenseBenefit"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_437052_577072_1_1">Income Tax Expense Benefit</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="us-gaap_IncomeTaxExpenseBenefit_lbl" xml:lang="en-US" id="id_437052_577072_8_1">Income taxes</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxExpenseBenefit" xlink:to="us-gaap_IncomeTaxExpenseBenefit_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncomeTaxPolicyTextBlock" xlink:label="us-gaap_IncomeTaxPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_576418_1_1">Income Tax Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncomeTaxPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_576418_2_1">Income taxes</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities_lbl" xml:lang="en-US" id="id_437052_571960_1_1">Increase Decrease In Accounts Payable And Other Operating Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities_lbl" xml:lang="en-US" id="id_437052_571960_2_1">Increase (decrease) in accounts payable and other liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments" xlink:label="us-gaap_IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments_lbl" xml:lang="en-US" id="id_437052_581053_1_1">Increase Decrease In Fair Value Of Unhedged Derivative Instruments</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="us-gaap_IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments_lbl" xml:lang="en-US" id="id_437052_581053_8_1">Change in fair value of certain derivative instruments (note 14)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments" xlink:to="us-gaap_IncreaseDecreaseInFairValueOfUnhedgedDerivativeInstruments_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_IncreaseDecreaseInReceivablesAndOtherAssets" xlink:label="gsl_IncreaseDecreaseInReceivablesAndOtherAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_IncreaseDecreaseInReceivablesAndOtherAssets_lbl" xml:lang="en-US" id="id_437052_868698_3_1">The (increase) decrease during the reporting period in the total amount of receivables from all parties and other assets not separately disclosed in the statement of cash flows.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_IncreaseDecreaseInReceivablesAndOtherAssets_lbl" xml:lang="en-US" id="id_437052_868698_1_1">Increase Decrease In Receivables And Other Assets</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="gsl_IncreaseDecreaseInReceivablesAndOtherAssets_lbl" xml:lang="en-US" id="id_437052_868698_8_1">(Increase) decrease in receivables and other assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IncreaseDecreaseInReceivablesAndOtherAssets" xlink:to="gsl_IncreaseDecreaseInReceivablesAndOtherAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncreaseDecreaseInRestrictedCash" xlink:label="us-gaap_IncreaseDecreaseInRestrictedCash"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncreaseDecreaseInRestrictedCash_lbl" xml:lang="en-US" id="id_437052_577934_1_1">Increase Decrease In Restricted Cash</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="us-gaap_IncreaseDecreaseInRestrictedCash_lbl" xml:lang="en-US" id="id_437052_577934_8_1">Variation in restricted cash (note 13)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInRestrictedCash" xlink:to="us-gaap_IncreaseDecreaseInRestrictedCash_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl" xml:lang="en-US" id="id_437052_570663_1_1">Incremental Common Shares Attributable To Share Based Payment Arrangements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl" xml:lang="en-US" id="id_437052_570663_2_1">Dilutive effect of share-based awards</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements" xlink:to="us-gaap_IncrementalCommonSharesAttributableToShareBasedPaymentArrangements_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_InsurancePolicyTextBlock" xlink:label="gsl_InsurancePolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_InsurancePolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_643575_3_1">Insurance Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_InsurancePolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_643575_1_1">Insurance Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_InsurancePolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_643575_2_1">Insurance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_InsurancePolicyTextBlock" xlink:to="gsl_InsurancePolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:label="us-gaap_IntangibleAssetsDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IntangibleAssetsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_437052_566249_1_1">Intangible Assets Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_IntangibleAssetsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_437052_566249_2_1">Intangible Assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsDisclosureTextBlock" xlink:to="us-gaap_IntangibleAssetsDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_IntangibleAssetsLineItems" xlink:label="gsl_IntangibleAssetsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_IntangibleAssetsLineItems_lbl" xml:lang="en-US" id="id_437052_589085_3_1">Intangible Assets [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_IntangibleAssetsLineItems_lbl" xml:lang="en-US" id="id_437052_589085_1_1">Intangible Assets [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_IntangibleAssetsLineItems_lbl" xml:lang="en-US" id="id_437052_589085_2_1">Intangible Assets [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleAssetsLineItems" xlink:to="gsl_IntangibleAssetsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xml:lang="en-US" id="id_437052_575414_1_1">Intangible Assets Net Excluding Goodwill</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xml:lang="en-US" id="id_437052_575414_4_1">Closing balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl" xml:lang="en-US" id="id_437052_575414_5_1">Opening balance - vessel purchase options and software development</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:to="us-gaap_IntangibleAssetsNetExcludingGoodwill_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_IntangibleAssetsTable" xlink:label="gsl_IntangibleAssetsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_IntangibleAssetsTable_lbl" xml:lang="en-US" id="id_437052_591463_3_1">Intangible Assets [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_IntangibleAssetsTable_lbl" xml:lang="en-US" id="id_437052_591463_1_1">Intangible Assets [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_IntangibleAssetsTable_lbl" xml:lang="en-US" id="id_437052_591463_2_1">Intangible Assets [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleAssetsTable" xlink:to="gsl_IntangibleAssetsTable_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_IntangibleLiabilitiesCharterAgreementsPolicyTextBlock" xlink:label="gsl_IntangibleLiabilitiesCharterAgreementsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_IntangibleLiabilitiesCharterAgreementsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_811869_3_1">Intangible Liabilities Charter Agreements [Policy Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_IntangibleLiabilitiesCharterAgreementsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_811869_1_1">Intangible Liabilities Charter Agreements Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_IntangibleLiabilitiesCharterAgreementsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_811869_2_1">Intangible liabilities - charter agreements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilitiesCharterAgreementsPolicyTextBlock" xlink:to="gsl_IntangibleLiabilitiesCharterAgreementsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_IntangibleLiabilityCharterAgreements" xlink:label="gsl_IntangibleLiabilityCharterAgreements"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_IntangibleLiabilityCharterAgreements_lbl" xml:lang="en-US" id="id_437052_866222_3_1">Intangible Liability Charter Agreements, Net Of Accumulated Amortization</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_IntangibleLiabilityCharterAgreements_lbl" xml:lang="en-US" id="id_437052_866222_1_1">Intangible Liability Charter Agreements</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="gsl_IntangibleLiabilityCharterAgreements_lbl" xml:lang="en-US" id="id_437052_866222_4_1">Closing balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="gsl_IntangibleLiabilityCharterAgreements_lbl" xml:lang="en-US" id="id_437052_866222_5_1">Opening balance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreements" xlink:to="gsl_IntangibleLiabilityCharterAgreements_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_IntangibleLiabilityCharterAgreementsCurrent" xlink:label="gsl_IntangibleLiabilityCharterAgreementsCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_IntangibleLiabilityCharterAgreementsCurrent_lbl" xml:lang="en-US" id="id_437052_813235_3_1">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.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_IntangibleLiabilityCharterAgreementsCurrent_lbl" xml:lang="en-US" id="id_437052_813235_1_1">Intangible Liability Charter Agreements Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_IntangibleLiabilityCharterAgreementsCurrent_lbl" xml:lang="en-US" id="id_437052_813235_2_1">Intangible liability - charter agreements (note 8)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreementsCurrent" xlink:to="gsl_IntangibleLiabilityCharterAgreementsCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_IntangibleLiabilityCharterAgreementsNoncurrent" xlink:label="gsl_IntangibleLiabilityCharterAgreementsNoncurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_IntangibleLiabilityCharterAgreementsNoncurrent_lbl" xml:lang="en-US" id="id_437052_813236_3_1">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.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_IntangibleLiabilityCharterAgreementsNoncurrent_lbl" xml:lang="en-US" id="id_437052_813236_1_1">Intangible Liability Charter Agreements Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_IntangibleLiabilityCharterAgreementsNoncurrent_lbl" xml:lang="en-US" id="id_437052_813236_2_1">Intangible liability - charter agreements (note 8)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreementsNoncurrent" xlink:to="gsl_IntangibleLiabilityCharterAgreementsNoncurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_IntangibleLiabilityCharterAgreementsTextBlock" xlink:label="gsl_IntangibleLiabilityCharterAgreementsTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_IntangibleLiabilityCharterAgreementsTextBlock_lbl" xml:lang="en-US" id="id_437052_818124_3_1">Disclosure on Intangible Liabilities relating to Charter Agreements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_IntangibleLiabilityCharterAgreementsTextBlock_lbl" xml:lang="en-US" id="id_437052_818124_1_1">Intangible Liability Charter Agreements [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_IntangibleLiabilityCharterAgreementsTextBlock_lbl" xml:lang="en-US" id="id_437052_818124_2_1">Intangible Liability - Charter Agreements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_IntangibleLiabilityCharterAgreementsTextBlock" xlink:to="gsl_IntangibleLiabilityCharterAgreementsTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US" id="id_437052_580920_1_1">Interest Expense</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="us-gaap_InterestExpense_lbl" xml:lang="en-US" id="id_437052_580920_8_1">Interest expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_InterestPaidInPeriod" xlink:label="gsl_InterestPaidInPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_InterestPaidInPeriod_lbl" xml:lang="en-US" id="id_437052_868699_3_1">The amount of cash paid for interest on debt and for dividends of preferred shares during the period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_InterestPaidInPeriod_lbl" xml:lang="en-US" id="id_437052_868699_1_1">Interest Paid In Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_InterestPaidInPeriod_lbl" xml:lang="en-US" id="id_437052_868699_2_1">Total interest paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_InterestPaidInPeriod" xlink:to="gsl_InterestPaidInPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_InterestRateDerivativesAndFairValueTextBlock" xlink:label="gsl_InterestRateDerivativesAndFairValueTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_InterestRateDerivativesAndFairValueTextBlock_lbl" xml:lang="en-US" id="id_437052_868702_3_1">The disclosure for derivatives and their fair value.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_InterestRateDerivativesAndFairValueTextBlock_lbl" xml:lang="en-US" id="id_437052_868702_1_1">Interest Rate Derivatives And Fair Value [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_InterestRateDerivativesAndFairValueTextBlock_lbl" xml:lang="en-US" id="id_437052_868702_2_1">Interest Rate Derivatives and Fair Value Measurements</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_InterestRateDerivativesAndFairValueTextBlock" xlink:to="gsl_InterestRateDerivativesAndFairValueTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="us-gaap_InvestmentIncomeInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xml:lang="en-US" id="id_437052_567063_1_1">Investment Income Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_InvestmentIncomeInterest_lbl" xml:lang="en-US" id="id_437052_567063_2_1">Interest income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeInterest" xlink:to="us-gaap_InvestmentIncomeInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_JulieDelmasMember" xlink:label="gsl_JulieDelmasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_JulieDelmasMember_lbl" xml:lang="en-US" id="id_437052_811999_3_1">Julie Delmas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_JulieDelmasMember_lbl" xml:lang="en-US" id="id_437052_811999_1_1">Julie Delmas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_JulieDelmasMember_lbl" xml:lang="en-US" id="id_437052_811999_2_1">Julie Delmas [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_JulieDelmasMember" xlink:to="gsl_JulieDelmasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_KumasiMember" xlink:label="gsl_KumasiMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_KumasiMember_lbl" xml:lang="en-US" id="id_437052_812000_3_1">Kumasi [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_KumasiMember_lbl" xml:lang="en-US" id="id_437052_812000_1_1">Kumasi [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_KumasiMember_lbl" xml:lang="en-US" id="id_437052_812000_2_1">Kumasi [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_KumasiMember" xlink:to="gsl_KumasiMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US" id="id_437052_565220_1_1">Legal Entity [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_LegalEntityAxis_lbl" xml:lang="en-US" id="id_437052_565220_2_1">Legal Entity [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_LeverageRatioMaximum" xlink:label="gsl_LeverageRatioMaximum"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_LeverageRatioMaximum_lbl" xml:lang="en-US" id="id_437052_618417_3_1">Maximum Permitted Leverage Ratio.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_LeverageRatioMaximum_lbl" xml:lang="en-US" id="id_437052_618417_1_1">Leverage Ratio Maximum</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_LeverageRatioMaximum_lbl" xml:lang="en-US" id="id_437052_618417_2_1">Maximum Leverage Ratio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gsl_LeverageRatioMaximum_lbl" xml:lang="en-US" id="id_437052_618417_12_1">Maximum Leverage Ratio under credit facility</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LeverageRatioMaximum" xlink:to="gsl_LeverageRatioMaximum_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US" id="id_437052_574733_1_1">Liabilities</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_Liabilities_lbl" xml:lang="en-US" id="id_437052_574733_6_1">Total Liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US" id="id_437052_572914_1_1">Liabilities And Stockholders Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity_lbl" xml:lang="en-US" id="id_437052_572914_6_1">Total Liabilities and Stockholders' Equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_437052_574179_1_1">Liabilities And Stockholders Equity [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_437052_574179_2_1">Liabilities and Stockholders' Equity</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquityAbstract" xlink:to="us-gaap_LiabilitiesAndStockholdersEquityAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LiabilitiesCurrent" xlink:label="us-gaap_LiabilitiesCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xml:lang="en-US" id="id_437052_568115_1_1">Liabilities Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesCurrent_lbl" xml:lang="en-US" id="id_437052_568115_6_1">Total current liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="us-gaap_LiabilitiesNoncurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilitiesNoncurrent_lbl" xml:lang="en-US" id="id_437052_574222_1_1">Liabilities Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_LiabilitiesNoncurrent_lbl" xml:lang="en-US" id="id_437052_574222_6_1">Total long-term liabilities</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesNoncurrent" xlink:to="us-gaap_LiabilitiesNoncurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LiabilityMember" xlink:label="us-gaap_LiabilityMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LiabilityMember_lbl" xml:lang="en-US" id="id_437052_572372_1_1">Liability [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LiabilityMember_lbl" xml:lang="en-US" id="id_437052_572372_2_1">Liability [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilityMember" xlink:to="us-gaap_LiabilityMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityExpirationDate1" xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1_lbl" xml:lang="en-US" id="id_437052_572983_1_1">Line Of Credit Facility Expiration Date 1</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityExpirationDate1_lbl" xml:lang="en-US" id="id_437052_572983_2_1">Maturity date of credit facility</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityExpirationDate1" xlink:to="us-gaap_LineOfCreditFacilityExpirationDate1_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityFrequencyOfPayments" xlink:label="us-gaap_LineOfCreditFacilityFrequencyOfPayments"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityFrequencyOfPayments_lbl" xml:lang="en-US" id="id_437052_571327_1_1">Line Of Credit Facility Frequency Of Payments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityFrequencyOfPayments_lbl" xml:lang="en-US" id="id_437052_571327_2_1">Prepayment of borrowings</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityFrequencyOfPayments" xlink:to="us-gaap_LineOfCreditFacilityFrequencyOfPayments_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl" xml:lang="en-US" id="id_437052_570159_1_1">Line Of Credit Facility Interest Rate Description</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl" xml:lang="en-US" id="id_437052_570159_2_1">Interest rate on Credit facility</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityInterestRateDescription" xlink:to="us-gaap_LineOfCreditFacilityInterestRateDescription_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityLineItems" xlink:label="us-gaap_LineOfCreditFacilityLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityLineItems_lbl" xml:lang="en-US" id="id_437052_580494_1_1">Line Of Credit Facility [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityLineItems_lbl" xml:lang="en-US" id="id_437052_580494_2_1">Line of Credit Facility [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityLineItems" xlink:to="us-gaap_LineOfCreditFacilityLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xml:lang="en-US" id="id_437052_571182_1_1">Line Of Credit Facility Maximum Borrowing Capacity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl" xml:lang="en-US" id="id_437052_571182_2_1">Senior secured credit facility</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityPeriodicPaymentPrincipal" xlink:label="us-gaap_LineOfCreditFacilityPeriodicPaymentPrincipal"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityPeriodicPaymentPrincipal_lbl" xml:lang="en-US" id="id_437052_569304_1_1">Line Of Credit Facility Periodic Payment Principal</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityPeriodicPaymentPrincipal_lbl" xml:lang="en-US" id="id_437052_569304_2_1">Credit facility actual repayment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityPeriodicPaymentPrincipal" xlink:to="us-gaap_LineOfCreditFacilityPeriodicPaymentPrincipal_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LineOfCreditFacilityTable" xlink:label="us-gaap_LineOfCreditFacilityTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LineOfCreditFacilityTable_lbl" xml:lang="en-US" id="id_437052_580919_1_1">Line Of Credit Facility [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LineOfCreditFacilityTable_lbl" xml:lang="en-US" id="id_437052_580919_2_1">Line of Credit Facility [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityTable" xlink:to="us-gaap_LineOfCreditFacilityTable_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_LongLivedAssetsPolicyTextBlock" xlink:label="gsl_LongLivedAssetsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_LongLivedAssetsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_594525_3_1">Long Lived Assets Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_LongLivedAssetsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_594525_1_1">Long Lived Assets Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_LongLivedAssetsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_594525_2_1">Long-lived assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongLivedAssetsPolicyTextBlock" xlink:to="gsl_LongLivedAssetsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_LongTermDebtClassificationPolicyTextBlock" xlink:label="gsl_LongTermDebtClassificationPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_LongTermDebtClassificationPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_866067_3_1">Long term debt classification.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_LongTermDebtClassificationPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_866067_1_1">Long Term Debt Classification Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_LongTermDebtClassificationPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_866067_2_1">Classification of long term debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongTermDebtClassificationPolicyTextBlock" xlink:to="gsl_LongTermDebtClassificationPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LongTermDebtCurrent" xlink:label="us-gaap_LongTermDebtCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtCurrent_lbl" xml:lang="en-US" id="id_437052_577307_1_1">Long Term Debt Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtCurrent_lbl" xml:lang="en-US" id="id_437052_577307_2_1">Current portion of long-term debt (note 9)</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="us-gaap_LongTermDebtCurrent_lbl" xml:lang="en-US" id="id_437052_577307_8_1">Less current instalments of long-term debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtCurrent" xlink:to="us-gaap_LongTermDebtCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_LongTermDebtCurrentAndNonCurrent" xlink:label="gsl_LongTermDebtCurrentAndNonCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_LongTermDebtCurrentAndNonCurrent_lbl" xml:lang="en-US" id="id_437052_834038_3_1">Long Term Debt Current And Non Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_LongTermDebtCurrentAndNonCurrent_lbl" xml:lang="en-US" id="id_437052_834038_1_1">Long Term Debt Current And Non Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="gsl_LongTermDebtCurrentAndNonCurrent_lbl" xml:lang="en-US" id="id_437052_834038_6_1">Credit facility, at Libor USD + 2.50% to 3.75%</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongTermDebtCurrentAndNonCurrent" xlink:to="gsl_LongTermDebtCurrentAndNonCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInNextTwelveMonths"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInNextTwelveMonths_lbl" xml:lang="en-US" id="id_437052_866107_3_1">Long-term Debt, Estimated, Repayments of Principal in Next Twelve Months</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInNextTwelveMonths_lbl" xml:lang="en-US" id="id_437052_866107_1_1">Longterm Debt Estimated Repayments Of Principal In Next Twelve Months</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInNextTwelveMonths_lbl" xml:lang="en-US" id="id_437052_866107_2_1">2013</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInNextTwelveMonths" xlink:to="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInNextTwelveMonths_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearFour" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearFour"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearFour_lbl" xml:lang="en-US" id="id_437052_866110_3_1">Long-term Debt, Estimated, Repayments of Principal in Year Four</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearFour_lbl" xml:lang="en-US" id="id_437052_866110_1_1">Longterm Debt Estimated Repayments Of Principal In Year Four</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearFour_lbl" xml:lang="en-US" id="id_437052_866110_2_1">2016</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearFour" xlink:to="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearFour_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearThree" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearThree"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearThree_lbl" xml:lang="en-US" id="id_437052_866109_3_1">Long-term Debt, Estimated, Repayments of Principal in Year Three</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearThree_lbl" xml:lang="en-US" id="id_437052_866109_1_1">Longterm Debt Estimated Repayments Of Principal In Year Three</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearThree_lbl" xml:lang="en-US" id="id_437052_866109_2_1">2015</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearThree" xlink:to="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearThree_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearTwo" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearTwo"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearTwo_lbl" xml:lang="en-US" id="id_437052_866108_3_1">Long-term Debt, Estimated, Repayments of Principal in Year Two</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearTwo_lbl" xml:lang="en-US" id="id_437052_866108_1_1">Longterm Debt Estimated Repayments Of Principal In Year Two</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearTwo_lbl" xml:lang="en-US" id="id_437052_866108_2_1">2014</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearTwo" xlink:to="gsl_LongtermDebtEstimatedRepaymentsOfPrincipalInYearTwo_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_LongTermDebtEstimatedRepaymentsOfPrincipalLineItems" xlink:label="gsl_LongTermDebtEstimatedRepaymentsOfPrincipalLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_LongTermDebtEstimatedRepaymentsOfPrincipalLineItems_lbl" xml:lang="en-US" id="id_437052_866106_3_1">Long Term Debt Estimated Repayments Of Principal [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_LongTermDebtEstimatedRepaymentsOfPrincipalLineItems_lbl" xml:lang="en-US" id="id_437052_866106_1_1">Long Term Debt Estimated Repayments Of Principal [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_LongTermDebtEstimatedRepaymentsOfPrincipalLineItems_lbl" xml:lang="en-US" id="id_437052_866106_2_1">Long Term Debt Estimated Repayments Of Principal [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongTermDebtEstimatedRepaymentsOfPrincipalLineItems" xlink:to="gsl_LongTermDebtEstimatedRepaymentsOfPrincipalLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_LongTermDebtMaturitiesEstimatedRepaymentsOfPrincipalTable" xlink:label="gsl_LongTermDebtMaturitiesEstimatedRepaymentsOfPrincipalTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_LongTermDebtMaturitiesEstimatedRepaymentsOfPrincipalTable_lbl" xml:lang="en-US" id="id_437052_858081_3_1">Long Term Debt Maturities Estimated Repayments Of Principal [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_LongTermDebtMaturitiesEstimatedRepaymentsOfPrincipalTable_lbl" xml:lang="en-US" id="id_437052_858081_1_1">Long Term Debt Maturities Estimated Repayments Of Principal [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_LongTermDebtMaturitiesEstimatedRepaymentsOfPrincipalTable_lbl" xml:lang="en-US" id="id_437052_858081_2_1">Long Term Debt Maturities Estimated Repayments Of Principal [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongTermDebtMaturitiesEstimatedRepaymentsOfPrincipalTable" xlink:to="gsl_LongTermDebtMaturitiesEstimatedRepaymentsOfPrincipalTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="us-gaap_LongTermDebtNoncurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xml:lang="en-US" id="id_437052_580651_1_1">Long Term Debt Noncurrent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xml:lang="en-US" id="id_437052_580651_2_1">Long term debt</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_LongTermDebtNoncurrent_lbl" xml:lang="en-US" id="id_437052_580651_12_1">Long-term debt (note 9)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrent" xlink:to="us-gaap_LongTermDebtNoncurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_LongTermDebtTextBlock" xlink:label="us-gaap_LongTermDebtTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_LongTermDebtTextBlock_lbl" xml:lang="en-US" id="id_437052_580667_1_1">Long Term Debt [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_LongTermDebtTextBlock_lbl" xml:lang="en-US" id="id_437052_580667_2_1">Long Term Debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtTextBlock" xlink:to="us-gaap_LongTermDebtTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_LongTermIncentivePlanTerm" xlink:label="gsl_LongTermIncentivePlanTerm"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_LongTermIncentivePlanTerm_lbl" xml:lang="en-US" id="id_437052_815800_3_1">Term of the incentive plan.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_LongTermIncentivePlanTerm_lbl" xml:lang="en-US" id="id_437052_815800_1_1">Long Term Incentive Plan Term</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_LongTermIncentivePlanTerm_lbl" xml:lang="en-US" id="id_437052_815800_2_1">Term of Equity Incentive Plan</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_LongTermIncentivePlanTerm" xlink:to="gsl_LongTermIncentivePlanTerm_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ManagementMember" xlink:label="us-gaap_ManagementMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ManagementMember_lbl" xml:lang="en-US" id="id_437052_579258_1_1">Management [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ManagementMember_lbl" xml:lang="en-US" id="id_437052_579258_2_1">Management [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ManagementMember" xlink:to="us-gaap_ManagementMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ManagementMemberOneMember" xlink:label="gsl_ManagementMemberOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ManagementMemberOneMember_lbl" xml:lang="en-US" id="id_437052_866466_3_1">Management Member One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ManagementMemberOneMember_lbl" xml:lang="en-US" id="id_437052_866466_1_1">Management Member One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ManagementMemberOneMember_lbl" xml:lang="en-US" id="id_437052_866466_2_1">Three members of management [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ManagementMemberOneMember" xlink:to="gsl_ManagementMemberOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ManagementMemberTwoMember" xlink:label="gsl_ManagementMemberTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ManagementMemberTwoMember_lbl" xml:lang="en-US" id="id_437052_866467_3_1">Management Member Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ManagementMemberTwoMember_lbl" xml:lang="en-US" id="id_437052_866467_1_1">Management Member Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ManagementMemberTwoMember_lbl" xml:lang="en-US" id="id_437052_866467_2_1">One member of management [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ManagementMemberTwoMember" xlink:to="gsl_ManagementMemberTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_MarieDelmasMember" xlink:label="gsl_MarieDelmasMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_MarieDelmasMember_lbl" xml:lang="en-US" id="id_437052_812001_3_1">Marie Delmas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_MarieDelmasMember_lbl" xml:lang="en-US" id="id_437052_812001_1_1">Marie Delmas [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_MarieDelmasMember_lbl" xml:lang="en-US" id="id_437052_812001_2_1">Marie Delmas [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MarieDelmasMember" xlink:to="gsl_MarieDelmasMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_MaximumContractedCharterHireReceivable" xlink:label="gsl_MaximumContractedCharterHireReceivable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_MaximumContractedCharterHireReceivable_lbl" xml:lang="en-US" id="id_437052_868764_3_1">Maximum Contracted Charter Hire Receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_MaximumContractedCharterHireReceivable_lbl" xml:lang="en-US" id="id_437052_868764_1_1">Maximum Contracted Charter Hire Receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_MaximumContractedCharterHireReceivable_lbl" xml:lang="en-US" id="id_437052_868764_2_1">Maximum contracted charter hire receivable</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="gsl_MaximumContractedCharterHireReceivable_lbl" xml:lang="en-US" id="id_437052_868764_6_1">Total Operating leases</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MaximumContractedCharterHireReceivable" xlink:to="gsl_MaximumContractedCharterHireReceivable_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_MaximumLengthOfTimeInterestRateHedged" xlink:label="gsl_MaximumLengthOfTimeInterestRateHedged"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_MaximumLengthOfTimeInterestRateHedged_lbl" xml:lang="en-US" id="id_437052_868767_3_1">Maximum Length Of Time Interest Rate Hedged</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_MaximumLengthOfTimeInterestRateHedged_lbl" xml:lang="en-US" id="id_437052_868767_1_1">Maximum Length Of Time Interest Rate Hedged</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_MaximumLengthOfTimeInterestRateHedged_lbl" xml:lang="en-US" id="id_437052_868767_2_1">Maximum length of time over which Company has hedged its interest rate exposure</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MaximumLengthOfTimeInterestRateHedged" xlink:to="gsl_MaximumLengthOfTimeInterestRateHedged_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_MaximumMember" xlink:label="us-gaap_MaximumMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MaximumMember_lbl" xml:lang="en-US" id="id_437052_577223_1_1">Maximum [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MaximumMember_lbl" xml:lang="en-US" id="id_437052_577223_2_1">Maximum [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MaximumMember" xlink:to="us-gaap_MaximumMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_MaximumSharesToAnyParticipantPerYear" xlink:label="gsl_MaximumSharesToAnyParticipantPerYear"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_MaximumSharesToAnyParticipantPerYear_lbl" xml:lang="en-US" id="id_437052_866323_3_1">Maximum shares to any participant per year.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_MaximumSharesToAnyParticipantPerYear_lbl" xml:lang="en-US" id="id_437052_866323_1_1">Maximum Shares To Any Participant Per Year</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_MaximumSharesToAnyParticipantPerYear_lbl" xml:lang="en-US" id="id_437052_866323_2_1">Maximum number of shares which may be granted to any participant in any fiscal year</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MaximumSharesToAnyParticipantPerYear" xlink:to="gsl_MaximumSharesToAnyParticipantPerYear_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_MergerCashFlowProjectionsDiscountRate" xlink:label="gsl_MergerCashFlowProjectionsDiscountRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_MergerCashFlowProjectionsDiscountRate_lbl" xml:lang="en-US" id="id_437052_854651_3_1">Merger cash flow projections discount rate.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_MergerCashFlowProjectionsDiscountRate_lbl" xml:lang="en-US" id="id_437052_854651_1_1">Merger Cash Flow Projections Discount Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_MergerCashFlowProjectionsDiscountRate_lbl" xml:lang="en-US" id="id_437052_854651_2_1">Discount rate of projected lease cash flow</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MergerCashFlowProjectionsDiscountRate" xlink:to="gsl_MergerCashFlowProjectionsDiscountRate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_MinimumMember" xlink:label="us-gaap_MinimumMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_MinimumMember_lbl" xml:lang="en-US" id="id_437052_577073_1_1">Minimum [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_MinimumMember_lbl" xml:lang="en-US" id="id_437052_577073_2_1">Minimum [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinimumMember" xlink:to="us-gaap_MinimumMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_MinimumPreferredSharesRedemptionInstallment" xlink:label="gsl_MinimumPreferredSharesRedemptionInstallment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_MinimumPreferredSharesRedemptionInstallment_lbl" xml:lang="en-US" id="id_437052_856218_3_1">Minimum Preferred Shares Redemption Installment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_MinimumPreferredSharesRedemptionInstallment_lbl" xml:lang="en-US" id="id_437052_856218_1_1">Minimum Preferred Shares Redemption Installment</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_MinimumPreferredSharesRedemptionInstallment_lbl" xml:lang="en-US" id="id_437052_856218_2_1">Minimum redemption installment</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_MinimumPreferredSharesRedemptionInstallment" xlink:to="gsl_MinimumPreferredSharesRedemptionInstallment_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_NatureOfOperationsAndBasisOfPreparationLineItems" xlink:label="gsl_NatureOfOperationsAndBasisOfPreparationLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_NatureOfOperationsAndBasisOfPreparationLineItems_lbl" xml:lang="en-US" id="id_437052_856699_3_1">Nature Of Operations And Basis Of Preparation [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_NatureOfOperationsAndBasisOfPreparationLineItems_lbl" xml:lang="en-US" id="id_437052_856699_1_1">Nature Of Operations And Basis Of Preparation [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_NatureOfOperationsAndBasisOfPreparationLineItems_lbl" xml:lang="en-US" id="id_437052_856699_2_1">Nature Of Operations And Basis Of Preparation [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NatureOfOperationsAndBasisOfPreparationLineItems" xlink:to="gsl_NatureOfOperationsAndBasisOfPreparationLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_NatureOfOperationsAndBasisOfPreparationTable" xlink:label="gsl_NatureOfOperationsAndBasisOfPreparationTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_NatureOfOperationsAndBasisOfPreparationTable_lbl" xml:lang="en-US" id="id_437052_856700_3_1">Nature Of Operations And Basis Of Preparation [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_NatureOfOperationsAndBasisOfPreparationTable_lbl" xml:lang="en-US" id="id_437052_856700_1_1">Nature Of Operations And Basis Of Preparation [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_NatureOfOperationsAndBasisOfPreparationTable_lbl" xml:lang="en-US" id="id_437052_856700_2_1">Nature Of Operations And Basis Of Preparation [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NatureOfOperationsAndBasisOfPreparationTable" xlink:to="gsl_NatureOfOperationsAndBasisOfPreparationTable_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_NatureOfOperationsLineItems" xlink:label="gsl_NatureOfOperationsLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_NatureOfOperationsLineItems_lbl" xml:lang="en-US" id="id_437052_589102_3_1">Nature Of Operations [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_NatureOfOperationsLineItems_lbl" xml:lang="en-US" id="id_437052_589102_1_1">Nature Of Operations [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_NatureOfOperationsLineItems_lbl" xml:lang="en-US" id="id_437052_589102_2_1">Nature Of Operations [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_NatureOfOperationsLineItems" xlink:to="gsl_NatureOfOperationsLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_NatureOfOperationsTable" xlink:label="gsl_NatureOfOperationsTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_NatureOfOperationsTable_lbl" xml:lang="en-US" id="id_437052_591444_3_1">Nature Of Operations [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_NatureOfOperationsTable_lbl" xml:lang="en-US" id="id_437052_591444_1_1">Nature Of Operations [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_NatureOfOperationsTable_lbl" xml:lang="en-US" id="id_437052_591444_2_1">Nature Of Operations [Table]</label>
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    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_NetIncomeAvailableToClassaShareHoldersForArrears" xlink:label="gsl_NetIncomeAvailableToClassaShareHoldersForArrears"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_NetIncomeAvailableToClassaShareHoldersForArrears_lbl" xml:lang="en-US" id="id_437052_868797_3_1">Net Income Available To Classa Share Holders For Arrears</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_NetIncomeLoss_lbl" xml:lang="en-US" id="id_437052_573591_1_1">Net Income Loss</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic_lbl" xml:lang="en-US" id="id_437052_579135_12_1">Net income (loss) available to shareholders</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_lbl" xml:lang="en-US" id="id_437052_580922_2_1">Net income (loss) available to shareholders</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted_lbl" xml:lang="en-US" id="id_437052_580922_12_1">Net income (loss) available to shareholders</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_NonoperatingIncomeExpenseAbstract_lbl" xml:lang="en-US" id="id_437052_570750_2_1">Non Operating Income (Expense)</label>
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    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_NumberOfBanksHoldingDeposits" xlink:label="gsl_NumberOfBanksHoldingDeposits"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_NumberOfBanksHoldingDeposits_lbl" xml:lang="en-US" id="id_437052_868756_3_1">Number of banks holding deposits of cash and cash equivalents</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_NumberOfBanksHoldingDeposits_lbl" xml:lang="en-US" id="id_437052_868756_1_1">Number Of Banks Holding Deposits</label>
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    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_NumberOfPreferredSharesInstallments" xlink:label="gsl_NumberOfPreferredSharesInstallments"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_NumberOfPreferredSharesInstallments_lbl" xml:lang="en-US" id="id_437052_856219_1_1">Number Of Preferred Shares Installments</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_NumberOfPreferredSharesInstallments_lbl" xml:lang="en-US" id="id_437052_856219_2_1">Redeemable preference shares, quarterly installments</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_NumberOfVessels_lbl" xml:lang="en-US" id="id_437052_811041_3_1">Number Of Vessels</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_NumberOfVessels_lbl" xml:lang="en-US" id="id_437052_811041_1_1">Number Of Vessels</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_NumberOfVessels_lbl" xml:lang="en-US" id="id_437052_811041_2_1">Number of vessels</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gsl_NumberOfVessels_lbl" xml:lang="en-US" id="id_437052_811041_12_1">Number of vessels delivered</label>
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    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_NumberOfVesselsChartered" xlink:label="gsl_NumberOfVesselsChartered"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_NumberOfVesselsChartered_lbl" xml:lang="en-US" id="id_437052_856289_3_1">Number Of Vessels Chartered</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_NumberOfVesselsChartered_lbl" xml:lang="en-US" id="id_437052_856289_1_1">Number Of Vessels Chartered</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_NumberOfVesselsChartered_lbl" xml:lang="en-US" id="id_437052_856289_2_1">Number of vessels</label>
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    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_NumberOfVesselsPledgedAsCollateralUnderCreditFacility" xlink:label="gsl_NumberOfVesselsPledgedAsCollateralUnderCreditFacility"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_NumberOfVesselsPledgedAsCollateralUnderCreditFacility_lbl" xml:lang="en-US" id="id_437052_812310_3_1">Number Of Vessels Pledged As Collateral Under Credit Facility</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_NumberOfVesselsPledgedAsCollateralUnderCreditFacility_lbl" xml:lang="en-US" id="id_437052_812310_2_1">Number of vessels pledged as collateral under credit facility agreement</label>
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    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_NumberOfVesselsTestedForPotentialImpairment" xlink:label="gsl_NumberOfVesselsTestedForPotentialImpairment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_NumberOfVesselsTestedForPotentialImpairment_lbl" xml:lang="en-US" id="id_437052_849973_3_1">Number Of Vessels Tested For Potential Impairment</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_NumberOfVesselsTestedForPotentialImpairment_lbl" xml:lang="en-US" id="id_437052_849973_2_1">Number of vessels tested for potential impairment</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_OtherAssetsNoncurrentNet" xlink:label="gsl_OtherAssetsNoncurrentNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_OtherAssetsNoncurrentNet_lbl" xml:lang="en-US" id="id_437052_869952_3_1">Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet net of accumulated amortization and any impairment. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_OtherAssetsNoncurrentNet_lbl" xml:lang="en-US" id="id_437052_869952_1_1">Other Assets Noncurrent Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_OtherAssetsNoncurrentNet_lbl" xml:lang="en-US" id="id_437052_869952_2_1">Other fixed assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OtherAssetsNoncurrentNet" xlink:to="gsl_OtherAssetsNoncurrentNet_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_OtherComprehensiveIncomeLossPolicyTextBlock" xlink:label="gsl_OtherComprehensiveIncomeLossPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_OtherComprehensiveIncomeLossPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_672341_3_1">Other Comprehensive Income Loss Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_OtherComprehensiveIncomeLossPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_672341_1_1">Other Comprehensive Income Loss Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_OtherComprehensiveIncomeLossPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_672341_2_1">Other comprehensive income (loss)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OtherComprehensiveIncomeLossPolicyTextBlock" xlink:to="gsl_OtherComprehensiveIncomeLossPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_OtherFiniteLivedIntangibleAssetsNet" xlink:label="gsl_OtherFiniteLivedIntangibleAssetsNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_OtherFiniteLivedIntangibleAssetsNet_lbl" xml:lang="en-US" id="id_437052_771971_3_1">The gross carrying amount of other intangible assets such as software development, net of accumulated amortization and any impairment.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_OtherFiniteLivedIntangibleAssetsNet_lbl" xml:lang="en-US" id="id_437052_771971_1_1">Other Finite Lived Intangible Assets Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_OtherFiniteLivedIntangibleAssetsNet_lbl" xml:lang="en-US" id="id_437052_771971_2_1">Intangible assets - other (note 5)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_OtherFiniteLivedIntangibleAssetsNet" xlink:to="gsl_OtherFiniteLivedIntangibleAssetsNet_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherIncomeAndExpensesAbstract" xlink:label="us-gaap_OtherIncomeAndExpensesAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherIncomeAndExpensesAbstract_lbl" xml:lang="en-US" id="id_437052_571734_1_1">Other Income And Expenses [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherIncomeAndExpensesAbstract_lbl" xml:lang="en-US" id="id_437052_571734_2_1">Other Income and Expenses [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncomeAndExpensesAbstract" xlink:to="us-gaap_OtherIncomeAndExpensesAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:label="us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_lbl" xml:lang="en-US" id="id_437052_574915_1_1">Other Income And Other Expense Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_lbl" xml:lang="en-US" id="id_437052_574915_2_1">Other Operating (Income) Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock" xlink:to="us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherIncomeMember" xlink:label="us-gaap_OtherIncomeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherIncomeMember_lbl" xml:lang="en-US" id="id_437052_568646_1_1">Other Income [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherIncomeMember_lbl" xml:lang="en-US" id="id_437052_568646_2_1">Other sundry income [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherIncomeMember" xlink:to="us-gaap_OtherIncomeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherOperatingIncome" xlink:label="us-gaap_OtherOperatingIncome"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherOperatingIncome_lbl" xml:lang="en-US" id="id_437052_571482_1_1">Other Operating Income</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="us-gaap_OtherOperatingIncome_lbl" xml:lang="en-US" id="id_437052_571482_14_1">Other operating income (note 10)</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="us-gaap_OtherOperatingIncome_lbl" xml:lang="en-US" id="id_437052_571482_8_1">Other operating income</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherOperatingIncome" xlink:to="us-gaap_OtherOperatingIncome_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_OtherReceivablesNetCurrent" xlink:label="us-gaap_OtherReceivablesNetCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_OtherReceivablesNetCurrent_lbl" xml:lang="en-US" id="id_437052_574692_1_1">Other Receivables Net Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_OtherReceivablesNetCurrent_lbl" xml:lang="en-US" id="id_437052_574692_2_1">Other receivables</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherReceivablesNetCurrent" xlink:to="us-gaap_OtherReceivablesNetCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_PaymentOfPreferredSharesDividends" xlink:label="gsl_PaymentOfPreferredSharesDividends"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_PaymentOfPreferredSharesDividends_lbl" xml:lang="en-US" id="id_437052_868763_3_1">Payment Of Preferred Shares Dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_PaymentOfPreferredSharesDividends_lbl" xml:lang="en-US" id="id_437052_868763_1_1">Payment Of Preferred Shares Dividends</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_PaymentOfPreferredSharesDividends_lbl" xml:lang="en-US" id="id_437052_868763_2_1">Preferred Shares Dividend</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PaymentOfPreferredSharesDividends" xlink:to="gsl_PaymentOfPreferredSharesDividends_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PaymentsOfDebtIssuanceCosts" xlink:label="us-gaap_PaymentsOfDebtIssuanceCosts"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsOfDebtIssuanceCosts_lbl" xml:lang="en-US" id="id_437052_567083_1_1">Payments Of Debt Issuance Costs</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="us-gaap_PaymentsOfDebtIssuanceCosts_lbl" xml:lang="en-US" id="id_437052_567083_8_1">Issuance costs of debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDebtIssuanceCosts" xlink:to="us-gaap_PaymentsOfDebtIssuanceCosts_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PaymentsToAcquireIntangibleAssets" xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets_lbl" xml:lang="en-US" id="id_437052_571886_1_1">Payments To Acquire Intangible Assets</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="us-gaap_PaymentsToAcquireIntangibleAssets_lbl" xml:lang="en-US" id="id_437052_571886_8_1">Cash paid for intangible assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireIntangibleAssets" xlink:to="us-gaap_PaymentsToAcquireIntangibleAssets_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:label="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_437052_582010_1_1">Payments To Acquire Other Property Plant And Equipment</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_lbl" xml:lang="en-US" id="id_437052_582010_8_1">Cash paid for other fixed assets</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment" xlink:to="us-gaap_PaymentsToAcquireOtherPropertyPlantAndEquipment_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_PeriodOneMember" xlink:label="gsl_PeriodOneMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_PeriodOneMember_lbl" xml:lang="en-US" id="id_437052_694606_3_1">Period One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_PeriodOneMember_lbl" xml:lang="en-US" id="id_437052_694606_1_1">Period One [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_PeriodOneMember_lbl" xml:lang="en-US" id="id_437052_694606_2_1">Period One [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PeriodOneMember" xlink:to="gsl_PeriodOneMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_PeriodTwoMember" xlink:label="gsl_PeriodTwoMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_PeriodTwoMember_lbl" xml:lang="en-US" id="id_437052_694607_3_1">Period Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_PeriodTwoMember_lbl" xml:lang="en-US" id="id_437052_694607_1_1">Period Two [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_PeriodTwoMember_lbl" xml:lang="en-US" id="id_437052_694607_2_1">Period Two [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PeriodTwoMember" xlink:to="gsl_PeriodTwoMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_PreferredSharesPolicyTextBlock" xlink:label="gsl_PreferredSharesPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_PreferredSharesPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_868703_3_1">Preferred Shares Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_PreferredSharesPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_868703_1_1">Preferred Shares Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_PreferredSharesPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_868703_2_1">Preferred shares</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredSharesPolicyTextBlock" xlink:to="gsl_PreferredSharesPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_PreferredSharesRedemptionNumber" xlink:label="gsl_PreferredSharesRedemptionNumber"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_PreferredSharesRedemptionNumber_lbl" xml:lang="en-US" id="id_437052_868760_3_1">Number of Preferred Shares Redeemed</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_PreferredSharesRedemptionNumber_lbl" xml:lang="en-US" id="id_437052_868760_1_1">Preferred Shares Redemption Number</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_PreferredSharesRedemptionNumber_lbl" xml:lang="en-US" id="id_437052_868760_2_1">Number of shares redeemed</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PreferredSharesRedemptionNumber" xlink:to="gsl_PreferredSharesRedemptionNumber_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockRedemptionAmount" xlink:label="us-gaap_PreferredStockRedemptionAmount"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockRedemptionAmount_lbl" xml:lang="en-US" id="id_437052_579909_1_1">Preferred Stock Redemption Amount</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockRedemptionAmount_lbl" xml:lang="en-US" id="id_437052_579909_2_1">Redemption amount</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockRedemptionAmount" xlink:to="us-gaap_PreferredStockRedemptionAmount_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PreferredStockRedemptionPricePerShare" xlink:label="us-gaap_PreferredStockRedemptionPricePerShare"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PreferredStockRedemptionPricePerShare_lbl" xml:lang="en-US" id="id_437052_582173_1_1">Preferred Stock Redemption Price Per Share</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PreferredStockRedemptionPricePerShare_lbl" xml:lang="en-US" id="id_437052_582173_2_1">Redemption price per share</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockRedemptionPricePerShare" xlink:to="us-gaap_PreferredStockRedemptionPricePerShare_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_PrepaidExpensesCurrent" xlink:label="gsl_PrepaidExpensesCurrent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_PrepaidExpensesCurrent_lbl" xml:lang="en-US" id="id_437052_818126_3_1">Sum of the amounts paid in advance for costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or one operating cycle if longer.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_PrepaidExpensesCurrent_lbl" xml:lang="en-US" id="id_437052_818126_1_1">Prepaid Expenses Current</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_PrepaidExpensesCurrent_lbl" xml:lang="en-US" id="id_437052_818126_2_1">Prepaid expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PrepaidExpensesCurrent" xlink:to="gsl_PrepaidExpensesCurrent_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ProceedsFromExerciseOfOptionsAndWarrants" xlink:label="gsl_ProceedsFromExerciseOfOptionsAndWarrants"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ProceedsFromExerciseOfOptionsAndWarrants_lbl" xml:lang="en-US" id="id_437052_780669_3_1">Proceeds From Exercise Of Options And Warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ProceedsFromExerciseOfOptionsAndWarrants_lbl" xml:lang="en-US" id="id_437052_780669_1_1">Proceeds From Exercise Of Options And Warrants</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ProceedsFromExerciseOfOptionsAndWarrants_lbl" xml:lang="en-US" id="id_437052_780669_2_1">Total proceeds from exercise of public warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ProceedsFromExerciseOfOptionsAndWarrants" xlink:to="gsl_ProceedsFromExerciseOfOptionsAndWarrants_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PropertyPlantAndEquipmentAbstract" xlink:label="us-gaap_PropertyPlantAndEquipmentAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentAbstract_lbl" xml:lang="en-US" id="id_437052_581756_1_1">Property Plant And Equipment [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentAbstract_lbl" xml:lang="en-US" id="id_437052_581756_2_1">Property, Plant and Equipment [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentAbstract" xlink:to="us-gaap_PropertyPlantAndEquipmentAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xml:lang="en-US" id="id_437052_567990_1_1">Property Plant And Equipment By Type [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl" xml:lang="en-US" id="id_437052_567990_2_1">Property, Plant and Equipment, Type [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentByTypeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PropertyPlantAndEquipmentLineItems" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xml:lang="en-US" id="id_437052_572317_1_1">Property Plant And Equipment [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentLineItems_lbl" xml:lang="en-US" id="id_437052_572317_2_1">Property, Plant and Equipment [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentLineItems" xlink:to="us-gaap_PropertyPlantAndEquipmentLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xml:lang="en-US" id="id_437052_565566_1_1">Property Plant And Equipment Type [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl" xml:lang="en-US" id="id_437052_565566_2_1">Property, Plant and Equipment, Type [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:to="us-gaap_PropertyPlantAndEquipmentTypeDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_PublicWarrantsMember" xlink:label="gsl_PublicWarrantsMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_PublicWarrantsMember_lbl" xml:lang="en-US" id="id_437052_812570_3_1">Public Warrants [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_PublicWarrantsMember_lbl" xml:lang="en-US" id="id_437052_812570_1_1">Public Warrants [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_PublicWarrantsMember_lbl" xml:lang="en-US" id="id_437052_812570_2_1">Public Warrants [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PublicWarrantsMember" xlink:to="gsl_PublicWarrantsMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_PurchaseDate" xlink:label="gsl_PurchaseDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_PurchaseDate_lbl" xml:lang="en-US" id="id_437052_811992_3_1">Purchase Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_PurchaseDate_lbl" xml:lang="en-US" id="id_437052_811992_1_1">Purchase Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_PurchaseDate_lbl" xml:lang="en-US" id="id_437052_811992_2_1">Purchase Date by GSL</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_PurchaseDate" xlink:to="gsl_PurchaseDate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RangeAxis" xlink:label="us-gaap_RangeAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RangeAxis_lbl" xml:lang="en-US" id="id_437052_568913_1_1">Range [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RangeAxis_lbl" xml:lang="en-US" id="id_437052_568913_2_1">Range [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeAxis" xlink:to="us-gaap_RangeAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RangeMember" xlink:label="us-gaap_RangeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RangeMember_lbl" xml:lang="en-US" id="id_437052_566530_1_1">Range [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RangeMember_lbl" xml:lang="en-US" id="id_437052_566530_2_1">Range [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RangeMember" xlink:to="us-gaap_RangeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_RealizedLossOnInterestRateDerivatives" xlink:label="gsl_RealizedLossOnInterestRateDerivatives"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_RealizedLossOnInterestRateDerivatives_lbl" xml:lang="en-US" id="id_437052_813460_3_1">Realized loss on interest rate derivatives.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RealizedLossOnInterestRateDerivatives_lbl" xml:lang="en-US" id="id_437052_813460_1_1">Realized Loss On Interest Rate Derivatives</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="gsl_RealizedLossOnInterestRateDerivatives_lbl" xml:lang="en-US" id="id_437052_813460_8_1">Realized loss on interest rate derivatives</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RealizedLossOnInterestRateDerivatives" xlink:to="gsl_RealizedLossOnInterestRateDerivatives_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_RecentlyIssuedAccountingStandardsPolicyTextBlock" xlink:label="gsl_RecentlyIssuedAccountingStandardsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_RecentlyIssuedAccountingStandardsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_673167_3_1">Recently Issued Accounting Standards Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RecentlyIssuedAccountingStandardsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_673167_1_1">Recently Issued Accounting Standards Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_RecentlyIssuedAccountingStandardsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_673167_2_1">Recently issued accounting standards</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RecentlyIssuedAccountingStandardsPolicyTextBlock" xlink:to="gsl_RecentlyIssuedAccountingStandardsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_RedeemablePreferredSharesDividendPaid" xlink:label="gsl_RedeemablePreferredSharesDividendPaid"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_RedeemablePreferredSharesDividendPaid_lbl" xml:lang="en-US" id="id_437052_854468_3_1">Redeemable Preferred Shares Dividend Paid</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RedeemablePreferredSharesDividendPaid_lbl" xml:lang="en-US" id="id_437052_854468_1_1">Redeemable Preferred Shares Dividend Paid</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_RedeemablePreferredSharesDividendPaid_lbl" xml:lang="en-US" id="id_437052_854468_2_1">Redeemable preferred shares dividend paid</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RedeemablePreferredSharesDividendPaid" xlink:to="gsl_RedeemablePreferredSharesDividendPaid_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_RedeemablePreferredSharesValueIssued" xlink:label="gsl_RedeemablePreferredSharesValueIssued"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_RedeemablePreferredSharesValueIssued_lbl" xml:lang="en-US" id="id_437052_868697_3_1">Aggregate stated value of issued preferred shares redeemable according to a redemption schedule.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RedeemablePreferredSharesValueIssued_lbl" xml:lang="en-US" id="id_437052_868697_1_1">Redeemable Preferred Shares Value Issued</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_RedeemablePreferredSharesValueIssued_lbl" xml:lang="en-US" id="id_437052_868697_2_1">Preferred shares (note 13)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RedeemablePreferredSharesValueIssued" xlink:to="gsl_RedeemablePreferredSharesValueIssued_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_RedemptionOfPreferredShares" xlink:label="gsl_RedemptionOfPreferredShares"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_RedemptionOfPreferredShares_lbl" xml:lang="en-US" id="id_437052_868700_3_1">Redemption Of Preferred Shares.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RedemptionOfPreferredShares_lbl" xml:lang="en-US" id="id_437052_868700_1_1">Redemption Of Preferred Shares</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="gsl_RedemptionOfPreferredShares_lbl" xml:lang="en-US" id="id_437052_868700_8_1">Repayment of preferred shares (note 13)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RedemptionOfPreferredShares" xlink:to="gsl_RedemptionOfPreferredShares_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RelatedPartyDomain" xlink:label="us-gaap_RelatedPartyDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyDomain_lbl" xml:lang="en-US" id="id_437052_575622_1_1">Related Party [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RelatedPartyDomain_lbl" xml:lang="en-US" id="id_437052_575622_2_1">Related Party [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyDomain" xlink:to="us-gaap_RelatedPartyDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RelatedPartyTransactionLineItems" xlink:label="us-gaap_RelatedPartyTransactionLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xml:lang="en-US" id="id_437052_571547_1_1">Related Party Transaction [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RelatedPartyTransactionLineItems_lbl" xml:lang="en-US" id="id_437052_571547_2_1">Related Party Transaction [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionLineItems" xlink:to="us-gaap_RelatedPartyTransactionLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RelatedPartyTransactionsAbstract" xlink:label="us-gaap_RelatedPartyTransactionsAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xml:lang="en-US" id="id_437052_581588_1_1">Related Party Transactions [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RelatedPartyTransactionsAbstract_lbl" xml:lang="en-US" id="id_437052_581588_2_1">Related Party Transactions [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsAbstract" xlink:to="us-gaap_RelatedPartyTransactionsAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xml:lang="en-US" id="id_437052_569226_1_1">Related Party Transactions By Related Party [Axis]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl" xml:lang="en-US" id="id_437052_569226_2_1">Related Party [Axis]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_437052_566263_1_1">Related Party Transactions Disclosure [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl" xml:lang="en-US" id="id_437052_566263_2_1">Related Party Transactions</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="us-gaap_RelatedPartyTransactionsDisclosureTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_RepairsAndMaintenancePolicyTextBlock" xlink:label="gsl_RepairsAndMaintenancePolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_RepairsAndMaintenancePolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_621565_3_1">Repairs And Maintenance Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RepairsAndMaintenancePolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_621565_1_1">Repairs And Maintenance Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_RepairsAndMaintenancePolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_621565_2_1">Repairs and maintenance</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RepairsAndMaintenancePolicyTextBlock" xlink:to="gsl_RepairsAndMaintenancePolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RepaymentsOfDebt" xlink:label="us-gaap_RepaymentsOfDebt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RepaymentsOfDebt_lbl" xml:lang="en-US" id="id_437052_567834_1_1">Repayments Of Debt</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="us-gaap_RepaymentsOfDebt_lbl" xml:lang="en-US" id="id_437052_567834_8_1">Repayments of debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfDebt" xlink:to="us-gaap_RepaymentsOfDebt_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_RequiredClassaCommonSharesDividendPerQuarter" xlink:label="gsl_RequiredClassaCommonSharesDividendPerQuarter"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_RequiredClassaCommonSharesDividendPerQuarter_lbl" xml:lang="en-US" id="id_437052_868761_3_1">Required Class A common shares dividend per quarter.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RequiredClassaCommonSharesDividendPerQuarter_lbl" xml:lang="en-US" id="id_437052_868761_1_1">Required Classa Common Shares Dividend Per Quarter</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_RequiredClassaCommonSharesDividendPerQuarter_lbl" xml:lang="en-US" id="id_437052_868761_2_1">Required Class A common shares dividend per quarter</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RequiredClassaCommonSharesDividendPerQuarter" xlink:to="gsl_RequiredClassaCommonSharesDividendPerQuarter_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_RestrictedCashAndCashEquivalent" xlink:label="gsl_RestrictedCashAndCashEquivalent"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_RestrictedCashAndCashEquivalent_lbl" xml:lang="en-US" id="id_437052_868749_3_1">The carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RestrictedCashAndCashEquivalent_lbl" xml:lang="en-US" id="id_437052_868749_1_1">Restricted Cash And Cash Equivalent</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_RestrictedCashAndCashEquivalent_lbl" xml:lang="en-US" id="id_437052_868749_2_1">Restricted cash (note 13)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RestrictedCashAndCashEquivalent" xlink:to="gsl_RestrictedCashAndCashEquivalent_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_RestrictedStockShareBasedCompensationVestingPeriod" xlink:label="gsl_RestrictedStockShareBasedCompensationVestingPeriod"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_RestrictedStockShareBasedCompensationVestingPeriod_lbl" xml:lang="en-US" id="id_437052_857618_3_1">Restricted stock share based compensation vesting period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RestrictedStockShareBasedCompensationVestingPeriod_lbl" xml:lang="en-US" id="id_437052_857618_1_1">Restricted Stock Share Based Compensation Vesting Period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_RestrictedStockShareBasedCompensationVestingPeriod_lbl" xml:lang="en-US" id="id_437052_857618_2_1">Restricted stock share based compensation vesting period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RestrictedStockShareBasedCompensationVestingPeriod" xlink:to="gsl_RestrictedStockShareBasedCompensationVestingPeriod_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_RestrictedStockUnitsShareBasedCompensationAwardsGranted" xlink:label="gsl_RestrictedStockUnitsShareBasedCompensationAwardsGranted"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_RestrictedStockUnitsShareBasedCompensationAwardsNumberVested_lbl" xml:lang="en-US" id="id_437052_857619_2_1">Restricted stock units share based compensation awards number vested</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RestrictedStockUnitsShareBasedCompensationAwardsNumberVested" xlink:to="gsl_RestrictedStockUnitsShareBasedCompensationAwardsNumberVested_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RestrictedStockUnitsShareBasedCompensationAwardsShareValueOnVestingDate_lbl" xml:lang="en-US" id="id_437052_856943_1_1">Restricted Stock Units Share Based Compensation Awards Share Value On Vesting Date</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RestrictedStockUnitsShareBasedCompensationAwardsVestedInPeriod_lbl" xml:lang="en-US" id="id_437052_856942_1_1">Restricted Stock Units Share Based Compensation Awards Vested In Period</label>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RetainedEarningsAccumulatedDeficitMember_lbl" xml:lang="en-US" id="id_437052_695001_1_1">Retained Earnings Accumulated Deficit [Member]</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_RevenueRecognitionRelatedOperatingExpensesPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_866069_1_1">Revenue Recognition Related Operating Expenses Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_RevenueRecognitionRelatedOperatingExpensesPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_866069_2_1">Revenue recognition and related operating expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_RevenueRecognitionRelatedOperatingExpensesPolicyTextBlock" xlink:to="gsl_RevenueRecognitionRelatedOperatingExpensesPolicyTextBlock_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_RevenuesAbstract_lbl" xml:lang="en-US" id="id_437052_566876_1_1">Revenues [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RevenuesAbstract_lbl" xml:lang="en-US" id="id_437052_566876_2_1">Operating Revenues</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_RisksAndUncertaintiesAbstract" xlink:label="us-gaap_RisksAndUncertaintiesAbstract"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_RisksAndUncertaintiesAbstract_lbl" xml:lang="en-US" id="id_437052_580370_2_1">Risks and Uncertainties [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RisksAndUncertaintiesAbstract" xlink:to="us-gaap_RisksAndUncertaintiesAbstract_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ScheduleOfCommitmentsAndContingenciesLineItems_lbl" xml:lang="en-US" id="id_437052_598281_1_1">Schedule Of Commitments And Contingencies [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ScheduleOfCommitmentsAndContingenciesLineItems_lbl" xml:lang="en-US" id="id_437052_598281_2_1">Schedule Of Commitments And Contingencies [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfCommitmentsAndContingenciesLineItems" xlink:to="gsl_ScheduleOfCommitmentsAndContingenciesLineItems_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ScheduleOfCommitmentsAndContingenciesTable_lbl" xml:lang="en-US" id="id_437052_639496_3_1">Schedule Of Commitments And Contingencies [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ScheduleOfCommitmentsAndContingenciesTable_lbl" xml:lang="en-US" id="id_437052_639496_1_1">Schedule Of Commitments And Contingencies [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ScheduleOfCommitmentsAndContingenciesTable_lbl" xml:lang="en-US" id="id_437052_639496_2_1">Schedule Of Commitments And Contingencies [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfCommitmentsAndContingenciesTable" xlink:to="gsl_ScheduleOfCommitmentsAndContingenciesTable_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ScheduleOfCommitmentsAndContingenciesTableTextBlock" xlink:label="gsl_ScheduleOfCommitmentsAndContingenciesTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ScheduleOfCommitmentsAndContingenciesTableTextBlock_lbl" xml:lang="en-US" id="id_437052_643110_3_1">Schedule Of Commitments And Contingencies Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ScheduleOfCommitmentsAndContingenciesTableTextBlock_lbl" xml:lang="en-US" id="id_437052_643110_1_1">Schedule Of Commitments And Contingencies Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ScheduleOfCommitmentsAndContingenciesTableTextBlock_lbl" xml:lang="en-US" id="id_437052_643110_2_1">Maximum Contracted Future Annual Charter Hire Receivable Before Allowance for Any Off-Hire periods</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfCommitmentsAndContingenciesTableTextBlock" xlink:to="gsl_ScheduleOfCommitmentsAndContingenciesTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ScheduleOfDeferredFinancingCostsTableTextBlock" xlink:label="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_868747_3_1">Schedule Of Deferred Financing Costs [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_868747_1_1">Schedule Of Deferred Financing Costs Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_868747_2_1">Schedule of Deferred Financing Cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock" xlink:to="gsl_ScheduleOfDeferredFinancingCostsTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ScheduleOfDerivativeInterestRateSwapAgreementsTableTextBlock" xlink:label="gsl_ScheduleOfDerivativeInterestRateSwapAgreementsTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ScheduleOfDerivativeInterestRateSwapAgreementsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_856693_3_1">Schedule of Derivative Interest Rate Swap Agreements [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ScheduleOfDerivativeInterestRateSwapAgreementsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_856693_1_1">Schedule Of Derivative Interest Rate Swap Agreements Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ScheduleOfDerivativeInterestRateSwapAgreementsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_856693_2_1">Derivative Interest Rate Agreements</label>
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    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_lbl" xml:lang="en-US" id="id_437052_570104_2_1">Earnings per Share</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ScheduleOfEstimatedLongTermDebtRepaymentsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_866074_1_1">Schedule Of Estimated Long Term Debt Repayments Table [Text Block]</label>
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    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ScheduleOfFairValueOfDerivativeInstrumentsTableTextBlock" xlink:label="gsl_ScheduleOfFairValueOfDerivativeInstrumentsTableTextBlock"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_858165_3_1">Schedule of intangible liabilities charter agreements.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_858165_1_1">Schedule Of Intangible Liabilities Charter Agreements Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_858165_2_1">Schedule of Intangible Liability</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock" xlink:to="gsl_ScheduleOfIntangibleLiabilitiesCharterAgreementsTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ScheduleOfLongTermDebtTableTextBlock" xlink:label="gsl_ScheduleOfLongTermDebtTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ScheduleOfLongTermDebtTableTextBlock_lbl" xml:lang="en-US" id="id_437052_849717_3_1">Schedule of Long Term Debt [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ScheduleOfLongTermDebtTableTextBlock_lbl" xml:lang="en-US" id="id_437052_849717_1_1">Schedule Of Long Term Debt Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ScheduleOfLongTermDebtTableTextBlock_lbl" xml:lang="en-US" id="id_437052_849717_2_1">Schedule of Long Term Debt</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfLongTermDebtTableTextBlock" xlink:to="gsl_ScheduleOfLongTermDebtTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ScheduleOfOtherOperatingIncomeExpenseTableTextBlock" xlink:label="gsl_ScheduleOfOtherOperatingIncomeExpenseTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ScheduleOfOtherOperatingIncomeExpenseTableTextBlock_lbl" xml:lang="en-US" id="id_437052_681010_3_1">Schedule of Other Operating Income Expense [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ScheduleOfOtherOperatingIncomeExpenseTableTextBlock_lbl" xml:lang="en-US" id="id_437052_681010_1_1">Schedule Of Other Operating Income Expense Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ScheduleOfOtherOperatingIncomeExpenseTableTextBlock_lbl" xml:lang="en-US" id="id_437052_681010_2_1">Schedule of Other Operating (Income) Expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfOtherOperatingIncomeExpenseTableTextBlock" xlink:to="gsl_ScheduleOfOtherOperatingIncomeExpenseTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xml:lang="en-US" id="id_437052_579149_1_1">Schedule Of Property Plant And Equipment [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl" xml:lang="en-US" id="id_437052_579149_2_1">Schedule of Property, Plant and Equipment [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable" xlink:to="us-gaap_ScheduleOfPropertyPlantAndEquipmentTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xml:lang="en-US" id="id_437052_576504_1_1">Schedule Of Related Party Transactions By Related Party [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl" xml:lang="en-US" id="id_437052_576504_2_1">Schedule of Related Party Transactions, by Related Party [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_575713_1_1">Schedule Of Related Party Transactions Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_575713_2_1">Summary of Amounts Due to and from CMA CGM Companies</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock" xlink:to="us-gaap_ScheduleOfRelatedPartyTransactionsTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xml:lang="en-US" id="id_437052_565611_1_1">Schedule Of Share Based Compensation Arrangements By Share Based Payment Award [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl" xml:lang="en-US" id="id_437052_565611_2_1">Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable" xlink:to="us-gaap_ScheduleOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTable_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock" xlink:label="us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_lbl" xml:lang="en-US" id="id_437052_577646_1_1">Schedule Of Share Based Compensation Restricted Stock Units Award Activity Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_lbl" xml:lang="en-US" id="id_437052_577646_2_1">Summary of Issued Share Based Awards</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock" xlink:to="us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ScheduleOfStockByClassTable" xlink:label="us-gaap_ScheduleOfStockByClassTable"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xml:lang="en-US" id="id_437052_568026_1_1">Schedule Of Stock By Class [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ScheduleOfStockByClassTable_lbl" xml:lang="en-US" id="id_437052_568026_2_1">Schedule of Stock by Class [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfStockByClassTable" xlink:to="us-gaap_ScheduleOfStockByClassTable_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_ScheduleOfVesselsAndChartersTableTextBlock" xlink:label="gsl_ScheduleOfVesselsAndChartersTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_ScheduleOfVesselsAndChartersTableTextBlock_lbl" xml:lang="en-US" id="id_437052_854090_3_1">Schedule of vessels and their charters.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_ScheduleOfVesselsAndChartersTableTextBlock_lbl" xml:lang="en-US" id="id_437052_854090_1_1">Schedule Of Vessels And Charters Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_ScheduleOfVesselsAndChartersTableTextBlock_lbl" xml:lang="en-US" id="id_437052_854090_2_1">Schedule of Vessels Chartered</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_ScheduleOfVesselsAndChartersTableTextBlock" xlink:to="gsl_ScheduleOfVesselsAndChartersTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentDomain_lbl" xml:lang="en-US" id="id_437052_580616_1_1">Segment [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentDomain_lbl" xml:lang="en-US" id="id_437052_580616_2_1">Segment [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentDomain" xlink:to="us-gaap_SegmentDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SegmentGeographicalDomain" xlink:label="us-gaap_SegmentGeographicalDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SegmentGeographicalDomain_lbl" xml:lang="en-US" id="id_437052_572423_1_1">Segment Geographical [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SegmentGeographicalDomain_lbl" xml:lang="en-US" id="id_437052_572423_2_1">Segment, Geographical [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentGeographicalDomain" xlink:to="us-gaap_SegmentGeographicalDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SeriesAPreferredStockMember" xlink:label="us-gaap_SeriesAPreferredStockMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xml:lang="en-US" id="id_437052_565976_1_1">Series A Preferred Stock [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SeriesAPreferredStockMember_lbl" xml:lang="en-US" id="id_437052_565976_2_1">Series A Preferred Stock [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SeriesAPreferredStockMember" xlink:to="us-gaap_SeriesAPreferredStockMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_SettlementOfHedgesNotQualifyingForHedgeAccounting" xlink:label="gsl_SettlementOfHedgesNotQualifyingForHedgeAccounting"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_SettlementOfHedgesNotQualifyingForHedgeAccounting_lbl" xml:lang="en-US" id="id_437052_813441_3_1">The aggregate amount of settlement in the reporting period of interest rate derivatives which do not qualify for hedge accounting.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_SettlementOfHedgesNotQualifyingForHedgeAccounting_lbl" xml:lang="en-US" id="id_437052_813441_1_1">Settlement Of Hedges Not Qualifying For Hedge Accounting</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_SettlementOfHedgesNotQualifyingForHedgeAccounting_lbl" xml:lang="en-US" id="id_437052_813441_2_1">Settlements of hedges which do not qualify for hedge accounting (note 14)</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="gsl_SettlementOfHedgesNotQualifyingForHedgeAccounting_lbl" xml:lang="en-US" id="id_437052_813441_8_1">Settlements of hedges which do not qualify for hedge accounting (note 14)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SettlementOfHedgesNotQualifyingForHedgeAccounting" xlink:to="gsl_SettlementOfHedgesNotQualifyingForHedgeAccounting_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US" id="id_437052_570386_1_1">Share Based Compensation</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensation_lbl" xml:lang="en-US" id="id_437052_570386_2_1">Share based compensation (note 15)</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_437052_567370_1_1">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_437052_567370_2_1">Granted ,Weighted Average Fair Value on Grant date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xml:lang="en-US" id="id_437052_573112_1_1">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xml:lang="en-US" id="id_437052_573112_2_1">Un-Vested, Number of Units Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl" xml:lang="en-US" id="id_437052_573112_12_1">Unvested restricted stock units</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_437052_576363_1_1">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_437052_576363_2_1">Un-Vested ,Weighted Average Fair Value on Grant date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_437052_569040_1_1">Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl" xml:lang="en-US" id="id_437052_569040_2_1">Vested ,Weighted Average Fair Value on Grant date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xml:lang="en-US" id="id_437052_569025_1_1">Share Based Compensation Arrangement By Share Based Payment Award [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl" xml:lang="en-US" id="id_437052_569025_2_1">Share-based Compensation Arrangement by Share-based Payment Award [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_SignificantAccountingPoliciesLineItems_lbl" xml:lang="en-US" id="id_437052_589162_1_1">Significant Accounting Policies [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_SignificantAccountingPoliciesLineItems_lbl" xml:lang="en-US" id="id_437052_589162_2_1">Significant Accounting Policies [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SignificantAccountingPoliciesLineItems" xlink:to="gsl_SignificantAccountingPoliciesLineItems_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_SignificantAccountingPoliciesTable_lbl" xml:lang="en-US" id="id_437052_591522_3_1">Significant Accounting Policies [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_SignificantAccountingPoliciesTable_lbl" xml:lang="en-US" id="id_437052_591522_1_1">Significant Accounting Policies [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_SignificantAccountingPoliciesTable_lbl" xml:lang="en-US" id="id_437052_591522_2_1">Significant Accounting Policies [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SignificantAccountingPoliciesTable" xlink:to="gsl_SignificantAccountingPoliciesTable_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_StatementBusinessSegmentsAxis_lbl"/>
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    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementGeographicalAxis" xlink:to="us-gaap_StatementGeographicalAxis_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US" id="id_437052_569151_1_1">Statement [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementLineItems_lbl" xml:lang="en-US" id="id_437052_569151_2_1">Statement [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US" id="id_437052_576739_2_1">Statement of Cash Flows [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfCashFlowsAbstract" xlink:to="us-gaap_StatementOfCashFlowsAbstract_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US" id="id_437052_574683_1_1">Statement Of Financial Position [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US" id="id_437052_574683_2_1">Statement of Financial Position [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfFinancialPositionAbstract" xlink:to="us-gaap_StatementOfFinancialPositionAbstract_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementOfPartnersCapitalAbstract_lbl" xml:lang="en-US" id="id_437052_570744_2_1">Statement of Partners' Capital [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfPartnersCapitalAbstract" xlink:to="us-gaap_StatementOfPartnersCapitalAbstract_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US" id="id_437052_569494_1_1">Statement [Table]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StatementTable_lbl" xml:lang="en-US" id="id_437052_569494_2_1">Statement [Table]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" id="id_437052_581392_1_1">Stockholders Equity</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" id="id_437052_581392_4_1">Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" id="id_437052_581392_5_1">Balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockholdersEquity_lbl" xml:lang="en-US" id="id_437052_581392_2_1">Total Stockholders' Equity</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_437052_572017_1_1">Stockholders Equity [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockholdersEquityAbstract_lbl" xml:lang="en-US" id="id_437052_572017_2_1">Stockholders' Equity</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock_lbl" xml:lang="en-US" id="id_437052_570110_2_1">Share Capital</label>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xml:lang="en-US" id="id_437052_572970_1_1">Subsequent Events [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SubsequentEventsAbstract_lbl" xml:lang="en-US" id="id_437052_572970_2_1">Subsequent Events [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsAbstract" xlink:to="us-gaap_SubsequentEventsAbstract_lbl"/>
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    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xml:lang="en-US" id="id_437052_567355_1_1">Subsequent Events [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SubsequentEventsTextBlock_lbl" xml:lang="en-US" id="id_437052_567355_2_1">Subsequent events</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsTextBlock" xlink:to="us-gaap_SubsequentEventsTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_SundryShippingIncomeMember" xlink:label="gsl_SundryShippingIncomeMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_SundryShippingIncomeMember_lbl" xml:lang="en-US" id="id_437052_812482_3_1">Sundry Shipping Income [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_SundryShippingIncomeMember_lbl" xml:lang="en-US" id="id_437052_812482_1_1">Sundry Shipping Income [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_SundryShippingIncomeMember_lbl" xml:lang="en-US" id="id_437052_812482_2_1">Sundry shipping income [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_SundryShippingIncomeMember" xlink:to="gsl_SundryShippingIncomeMember_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US" id="id_437052_566000_1_1">Supplemental Cash Flow Information [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract_lbl" xml:lang="en-US" id="id_437052_566000_2_1">Supplemental Information</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_SupplementalCashFlowInformationAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_TermOfWaiverForLeverageRatio" xlink:label="gsl_TermOfWaiverForLeverageRatio"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_TermOfWaiverForLeverageRatio_lbl" xml:lang="en-US" id="id_437052_866470_3_1">Term Of Waiver For Leverage Ratio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_TermOfWaiverForLeverageRatio_lbl" xml:lang="en-US" id="id_437052_866470_1_1">Term Of Waiver For Leverage Ratio</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_TermOfWaiverForLeverageRatio_lbl" xml:lang="en-US" id="id_437052_866470_2_1">Additional term of waiver for leverage ratio test</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gsl_TermOfWaiverForLeverageRatio_lbl" xml:lang="en-US" id="id_437052_866470_12_1">Term of waiver for leverage ratio test</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TermOfWaiverForLeverageRatio" xlink:to="gsl_TermOfWaiverForLeverageRatio_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_TextBlockAbstract" xlink:label="us-gaap_TextBlockAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TextBlockAbstract_lbl" xml:lang="en-US" id="id_437052_579246_1_1">Text Block [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TextBlockAbstract_lbl" xml:lang="en-US" id="id_437052_579246_2_1">Text Block [Abstract]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TextBlockAbstract" xlink:to="us-gaap_TextBlockAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_TimeCharterRevenueNet" xlink:label="gsl_TimeCharterRevenueNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_TimeCharterRevenueNet_lbl" xml:lang="en-US" id="id_437052_813237_3_1">Aggregate revenue during the reporting period from services rendered in the normal course of business, after deducting allowances and discounts and including amortization of charter agreement intangible liability.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_TimeCharterRevenueNet_lbl" xml:lang="en-US" id="id_437052_813237_1_1">Time Charter Revenue Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_TimeCharterRevenueNet_lbl" xml:lang="en-US" id="id_437052_813237_2_1">Time charter revenue</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TimeCharterRevenueNet" xlink:to="gsl_TimeCharterRevenueNet_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:label="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_lbl" xml:lang="en-US" id="id_437052_572344_1_1">Title Of Individual With Relationship To Entity [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_lbl" xml:lang="en-US" id="id_437052_572344_2_1">Title of Individual with Relationship to Entity [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain" xlink:to="us-gaap_TitleOfIndividualWithRelationshipToEntityDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_TonnageTaxExpenseIncludedInOperatingExpense" xlink:label="gsl_TonnageTaxExpenseIncludedInOperatingExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_TonnageTaxExpenseIncludedInOperatingExpense_lbl" xml:lang="en-US" id="id_437052_854467_3_1">Tonnage Tax Expense Included In Operating Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_TonnageTaxExpenseIncludedInOperatingExpense_lbl" xml:lang="en-US" id="id_437052_854467_1_1">Tonnage Tax Expense Included In Operating Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_TonnageTaxExpenseIncludedInOperatingExpense_lbl" xml:lang="en-US" id="id_437052_854467_2_1">Tonnage tax included within operating expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_TonnageTaxExpenseIncludedInOperatingExpense" xlink:to="gsl_TonnageTaxExpenseIncludedInOperatingExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.sec.gov/dei/2012/dei-2012-01-31.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US" id="id_437052_565193_1_1">Trading Symbol</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US" id="id_437052_565193_2_1">Trading Symbol</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xml:lang="en-US" id="id_437052_579933_1_1">Transfers And Servicing Of Financial Instruments Types Of Financial Instruments [Domain]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl" xml:lang="en-US" id="id_437052_579933_2_1">Types of Financial Instruments [Domain]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:to="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_UnrealizedGainLossOnInterestRateDerivatives" xlink:label="gsl_UnrealizedGainLossOnInterestRateDerivatives"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_UnrealizedGainLossOnInterestRateDerivatives_lbl" xml:lang="en-US" id="id_437052_813238_3_1">Unrealized loss or gain on interest rate derivatives which do not qualify for hedge accounting.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_UnrealizedGainLossOnInterestRateDerivatives_lbl" xml:lang="en-US" id="id_437052_813238_1_1">Unrealized Gain Loss On Interest Rate Derivatives</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_UnrealizedGainLossOnInterestRateDerivatives_lbl" xml:lang="en-US" id="id_437052_813238_2_1">Unrealized gain (loss) on interest rate derivatives (note 14)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="gsl_UnrealizedGainLossOnInterestRateDerivatives_lbl" xml:lang="en-US" id="id_437052_813238_12_1">Unrealized gain / (loss) on interest rate derivatives</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_UnrealizedGainLossOnInterestRateDerivatives" xlink:to="gsl_UnrealizedGainLossOnInterestRateDerivatives_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_UseOfEstimates" xlink:label="us-gaap_UseOfEstimates"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_UseOfEstimates_lbl" xml:lang="en-US" id="id_437052_580346_1_1">Use Of Estimates</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_UseOfEstimates_lbl" xml:lang="en-US" id="id_437052_580346_2_1">Use of estimates</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UseOfEstimates" xlink:to="us-gaap_UseOfEstimates_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VesselAdditions" xlink:label="gsl_VesselAdditions"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VesselAdditions_lbl" xml:lang="en-US" id="id_437052_868765_3_1">Vessel additions in period</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VesselAdditions_lbl" xml:lang="en-US" id="id_437052_868765_1_1">Vessel Additions</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VesselAdditions_lbl" xml:lang="en-US" id="id_437052_868765_2_1">Additions in the period</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselAdditions" xlink:to="gsl_VesselAdditions_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VesselCostsCapitalizedAndDepreciationAndAmortizationExpensesLineItems" xlink:label="gsl_VesselCostsCapitalizedAndDepreciationAndAmortizationExpensesLineItems"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VesselCostsCapitalizedAndDepreciationAndAmortizationExpensesLineItems_lbl" xml:lang="en-US" id="id_437052_866076_3_1">Vessel Costs Capitalized And Depreciation And Amortization Expenses [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VesselCostsCapitalizedAndDepreciationAndAmortizationExpensesLineItems_lbl" xml:lang="en-US" id="id_437052_866076_1_1">Vessel Costs Capitalized And Depreciation And Amortization Expenses [Line Items]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VesselCostsCapitalizedAndDepreciationAndAmortizationExpensesLineItems_lbl" xml:lang="en-US" id="id_437052_866076_2_1">Vessel Costs Capitalized And Depreciation And Amortization Expenses [Line Items]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselCostsCapitalizedAndDepreciationAndAmortizationExpensesLineItems" xlink:to="gsl_VesselCostsCapitalizedAndDepreciationAndAmortizationExpensesLineItems_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VesselDepreciationExpense" xlink:label="gsl_VesselDepreciationExpense"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VesselDepreciationExpense_lbl" xml:lang="en-US" id="id_437052_854494_3_1">Vessel Depreciation Expense</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VesselDepreciationExpense_lbl" xml:lang="en-US" id="id_437052_854494_1_1">Vessel Depreciation Expense</label>
    <label xlink:type="resource" xlink:role="http://xbrl.us/us-gaap/role/label/negated" xlink:label="gsl_VesselDepreciationExpense_lbl" xml:lang="en-US" id="id_437052_854494_8_1">Depreciation expense</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselDepreciationExpense" xlink:to="gsl_VesselDepreciationExpense_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VesselNetBookValueVariationsTableTextBlock" xlink:label="gsl_VesselNetBookValueVariationsTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VesselNetBookValueVariationsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_856690_3_1">Vessel Net Book Value Variations [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VesselNetBookValueVariationsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_856690_1_1">Vessel Net Book Value Variations Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VesselNetBookValueVariationsTableTextBlock_lbl" xml:lang="en-US" id="id_437052_856690_2_1">Schedule of Variations in Net Book Value of Vessels Including Drydocking</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselNetBookValueVariationsTableTextBlock" xlink:to="gsl_VesselNetBookValueVariationsTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VesselOperatingExpenses" xlink:label="gsl_VesselOperatingExpenses"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VesselOperatingExpenses_lbl" xml:lang="en-US" id="id_437052_796349_3_1">The aggregate vessel operating expenses incurred during the reporting period.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VesselOperatingExpenses_lbl" xml:lang="en-US" id="id_437052_796349_1_1">Vessel Operating Expenses</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VesselOperatingExpenses_lbl" xml:lang="en-US" id="id_437052_796349_2_1">Vessel operating expenses</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselOperatingExpenses" xlink:to="gsl_VesselOperatingExpenses_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VesselsEstimatedUsefulLife" xlink:label="gsl_VesselsEstimatedUsefulLife"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VesselsEstimatedUsefulLife_lbl" xml:lang="en-US" id="id_437052_807693_3_1">Vessels Estimated Useful Life</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VesselsEstimatedUsefulLife_lbl" xml:lang="en-US" id="id_437052_807693_1_1">Vessels Estimated Useful Life</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VesselsEstimatedUsefulLife_lbl" xml:lang="en-US" id="id_437052_807693_2_1">Estimated useful life</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselsEstimatedUsefulLife" xlink:to="gsl_VesselsEstimatedUsefulLife_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VesselsInOperationCost" xlink:label="gsl_VesselsInOperationCost"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VesselsInOperationCost_lbl" xml:lang="en-US" id="id_437052_854482_3_1">Vessels in Operation Cost</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VesselsInOperationCost_lbl" xml:lang="en-US" id="id_437052_854482_1_1">Vessels In Operation Cost</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VesselsInOperationCost_lbl" xml:lang="en-US" id="id_437052_854482_2_1">Cost</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselsInOperationCost" xlink:to="gsl_VesselsInOperationCost_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VesselsInOperationLessAccumulatedDepreciationTableTextBlock" xlink:label="gsl_VesselsInOperationLessAccumulatedDepreciationTableTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VesselsInOperationLessAccumulatedDepreciationTableTextBlock_lbl" xml:lang="en-US" id="id_437052_856689_3_1">Vessels in Operation less Accumulated Depreciation [Table Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VesselsInOperationLessAccumulatedDepreciationTableTextBlock_lbl" xml:lang="en-US" id="id_437052_856689_1_1">Vessels In Operation Less Accumulated Depreciation Table [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VesselsInOperationLessAccumulatedDepreciationTableTextBlock_lbl" xml:lang="en-US" id="id_437052_856689_2_1">Schedule of Vessels in Operation Less Accumulated Depreciation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselsInOperationLessAccumulatedDepreciationTableTextBlock" xlink:to="gsl_VesselsInOperationLessAccumulatedDepreciationTableTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VesselsInOperationLessAccumulatedDepreciationTextBlock" xlink:label="gsl_VesselsInOperationLessAccumulatedDepreciationTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VesselsInOperationLessAccumulatedDepreciationTextBlock_lbl" xml:lang="en-US" id="id_437052_869949_3_1">Vessels In Operation Less Accumulated Depreciation [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VesselsInOperationLessAccumulatedDepreciationTextBlock_lbl" xml:lang="en-US" id="id_437052_869949_1_1">Vessels In Operation Less Accumulated Depreciation [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VesselsInOperationLessAccumulatedDepreciationTextBlock_lbl" xml:lang="en-US" id="id_437052_869949_2_1">Vessels in Operation, less Accumulated Depreciation</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselsInOperationLessAccumulatedDepreciationTextBlock" xlink:to="gsl_VesselsInOperationLessAccumulatedDepreciationTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VesselsInOperationNet" xlink:label="gsl_VesselsInOperationNet"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VesselsInOperationNet_lbl" xml:lang="en-US" id="id_437052_813234_3_1">The gross carrying amount of seagoing vessels used for the primary purpose of the carriage of cargo, including a drydock component, net of accumulated amortization and any impairment.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VesselsInOperationNet_lbl" xml:lang="en-US" id="id_437052_813234_1_1">Vessels In Operation Net</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="gsl_VesselsInOperationNet_lbl" xml:lang="en-US" id="id_437052_813234_4_1">Closing balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="gsl_VesselsInOperationNet_lbl" xml:lang="en-US" id="id_437052_813234_5_1">Opening balance</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VesselsInOperationNet_lbl" xml:lang="en-US" id="id_437052_813234_2_1">Vessels in operation (note 4)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="gsl_VesselsInOperationNet_lbl" xml:lang="en-US" id="id_437052_813234_6_1">Net book value</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselsInOperationNet" xlink:to="gsl_VesselsInOperationNet_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VesselsPolicyTextBlock" xlink:label="gsl_VesselsPolicyTextBlock"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VesselsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_807696_3_1">Vessels Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VesselsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_807696_1_1">Vessels Policy [Text Block]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VesselsPolicyTextBlock_lbl" xml:lang="en-US" id="id_437052_807696_2_1">Vessels</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VesselsPolicyTextBlock" xlink:to="gsl_VesselsPolicyTextBlock_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VestedInJanuaryMember" xlink:label="gsl_VestedInJanuaryMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VestedInJanuaryMember_lbl" xml:lang="en-US" id="id_437052_856905_3_1">Vested In January [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VestedInJanuaryMember_lbl" xml:lang="en-US" id="id_437052_856905_1_1">Vested In January [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VestedInJanuaryMember_lbl" xml:lang="en-US" id="id_437052_856905_2_1">Vested in January [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VestedInJanuaryMember" xlink:to="gsl_VestedInJanuaryMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VestedInOctoberMember" xlink:label="gsl_VestedInOctoberMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VestedInOctoberMember_lbl" xml:lang="en-US" id="id_437052_856907_3_1">Vested In October [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VestedInOctoberMember_lbl" xml:lang="en-US" id="id_437052_856907_1_1">Vested In October [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VestedInOctoberMember_lbl" xml:lang="en-US" id="id_437052_856907_2_1">Vested in October [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VestedInOctoberMember" xlink:to="gsl_VestedInOctoberMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VestedInSeptemberMember" xlink:label="gsl_VestedInSeptemberMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VestedInSeptemberMember_lbl" xml:lang="en-US" id="id_437052_856906_3_1">Vested In September [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VestedInSeptemberMember_lbl" xml:lang="en-US" id="id_437052_856906_1_1">Vested In September [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VestedInSeptemberMember_lbl" xml:lang="en-US" id="id_437052_856906_2_1">Vested in September [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VestedInSeptemberMember" xlink:to="gsl_VestedInSeptemberMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VilleDAquariusMember" xlink:label="gsl_VilleDAquariusMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VilleDAquariusMember_lbl" xml:lang="en-US" id="id_437052_811995_3_1">Ville D Aquarius [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VilleDAquariusMember_lbl" xml:lang="en-US" id="id_437052_811995_1_1">Ville D Aquarius [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VilleDAquariusMember_lbl" xml:lang="en-US" id="id_437052_811995_2_1">Ville d' Aquarius [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VilleDAquariusMember" xlink:to="gsl_VilleDAquariusMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VilleDOrionMember" xlink:label="gsl_VilleDOrionMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VilleDOrionMember_lbl" xml:lang="en-US" id="id_437052_813042_3_1">Ville D Orion [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VilleDOrionMember_lbl" xml:lang="en-US" id="id_437052_813042_1_1">Ville D Orion [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VilleDOrionMember_lbl" xml:lang="en-US" id="id_437052_813042_2_1">Ville d' Orion [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VilleDOrionMember" xlink:to="gsl_VilleDOrionMember_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_VotingInterest" xlink:label="gsl_VotingInterest"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_VotingInterest_lbl" xml:lang="en-US" id="id_437052_631159_3_1">Voting Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_VotingInterest_lbl" xml:lang="en-US" id="id_437052_631159_1_1">Voting Interest</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_VotingInterest_lbl" xml:lang="en-US" id="id_437052_631159_2_1">Voting Interest</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_VotingInterest" xlink:to="gsl_VotingInterest_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_WarrantsToPurchaseCommonStockExercisePrice" xlink:label="gsl_WarrantsToPurchaseCommonStockExercisePrice"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_WarrantsToPurchaseCommonStockExercisePrice_lbl" xml:lang="en-US" id="id_437052_866111_3_1">Warrants To Purchase Common Stock Exercise Price</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_WarrantsToPurchaseCommonStockExercisePrice_lbl" xml:lang="en-US" id="id_437052_866111_1_1">Warrants To Purchase Common Stock Exercise Price</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_WarrantsToPurchaseCommonStockExercisePrice_lbl" xml:lang="en-US" id="id_437052_866111_2_1">Exercise Price of Warrants</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_WarrantsToPurchaseCommonStockExercisePrice" xlink:to="gsl_WarrantsToPurchaseCommonStockExercisePrice_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_WarrantsToPurchaseCommonStockOutstanding" xlink:label="gsl_WarrantsToPurchaseCommonStockOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_WarrantsToPurchaseCommonStockOutstanding_lbl" xml:lang="en-US" id="id_437052_857038_3_1">Warrants To Purchase Common Stock Outstanding.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_WarrantsToPurchaseCommonStockOutstanding_lbl" xml:lang="en-US" id="id_437052_857038_1_1">Warrants To Purchase Common Stock Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_WarrantsToPurchaseCommonStockOutstanding_lbl" xml:lang="en-US" id="id_437052_857038_2_1">Warrants Outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_WarrantsToPurchaseCommonStockOutstanding" xlink:to="gsl_WarrantsToPurchaseCommonStockOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_WarrantsToPurchaseCommonStockOutstandingExpiryDate" xlink:label="gsl_WarrantsToPurchaseCommonStockOutstandingExpiryDate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_WarrantsToPurchaseCommonStockOutstandingExpiryDate_lbl" xml:lang="en-US" id="id_437052_857039_3_1">Warrants To Purchase Common Stock Outstanding Expiry Date.</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_WarrantsToPurchaseCommonStockOutstandingExpiryDate_lbl" xml:lang="en-US" id="id_437052_857039_1_1">Warrants To Purchase Common Stock Outstanding Expiry Date</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_WarrantsToPurchaseCommonStockOutstandingExpiryDate_lbl" xml:lang="en-US" id="id_437052_857039_2_1">Warrants Outstanding Expiry Date</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_WarrantsToPurchaseCommonStockOutstandingExpiryDate" xlink:to="gsl_WarrantsToPurchaseCommonStockOutstandingExpiryDate_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_WeightedAverageInterestSwapRate" xlink:label="gsl_WeightedAverageInterestSwapRate"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_WeightedAverageInterestSwapRate_lbl" xml:lang="en-US" id="id_437052_858008_3_1">Weighted Average Interest Swap Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_WeightedAverageInterestSwapRate_lbl" xml:lang="en-US" id="id_437052_858008_1_1">Weighted Average Interest Swap Rate</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_WeightedAverageInterestSwapRate_lbl" xml:lang="en-US" id="id_437052_858008_2_1">Weighted average rate</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_WeightedAverageInterestSwapRate" xlink:to="gsl_WeightedAverageInterestSwapRate_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US" id="id_437052_574868_1_1">Weighted Average Number Of Diluted Shares Outstanding</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US" id="id_437052_574868_2_1">Diluted (note 17)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl" xml:lang="en-US" id="id_437052_574868_6_1">Common shares and common share equivalents</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding" xlink:to="us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" xml:lang="en-US" id="id_437052_569192_1_1">Weighted Average Number Of Shares Outstanding [Abstract]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl" xml:lang="en-US" id="id_437052_569192_2_1">Weighted average number of common shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingAbstract_lbl"/>
    <loc xlink:type="locator" xlink:href="http://xbrl.fasb.org/us-gaap/2012/elts/us-gaap-2012-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US" id="id_437052_567795_1_1">Weighted Average Number Of Shares Outstanding Basic</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US" id="id_437052_567795_2_1">Basic (note 17)</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl" xml:lang="en-US" id="id_437052_567795_12_1">Weighted average number of common shares outstanding</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic" xlink:to="us-gaap_WeightedAverageNumberOfSharesOutstandingBasic_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_YearBuilt" xlink:label="gsl_YearBuilt"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_YearBuilt_lbl" xml:lang="en-US" id="id_437052_769336_3_1">Year Built</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_YearBuilt_lbl" xml:lang="en-US" id="id_437052_769336_1_1">Year Built</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_YearBuilt_lbl" xml:lang="en-US" id="id_437052_769336_2_1">Year Built</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_YearBuilt" xlink:to="gsl_YearBuilt_lbl"/>
    <loc xlink:type="locator" xlink:href="gsl-20121231.xsd#gsl_YildrimGroupMember" xlink:label="gsl_YildrimGroupMember"/>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="gsl_YildrimGroupMember_lbl" xml:lang="en-US" id="id_437052_866224_3_1">Yildrim Group [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="gsl_YildrimGroupMember_lbl" xml:lang="en-US" id="id_437052_866224_1_1">Yildrim Group [Member]</label>
    <label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="gsl_YildrimGroupMember_lbl" xml:lang="en-US" id="id_437052_866224_2_1">Yildrim Group [Member]</label>
    <labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="gsl_YildrimGroupMember" xlink:to="gsl_YildrimGroupMember_lbl"/>
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