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    <link:label xlink:label="cmre_DocumentAndEntityInformation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document And Entity Information</link:label>
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    <link:label xlink:label="us-gaap_OtherIncomeAndExpensesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER INCOME / (EXPENSES):</link:label>
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    <link:label xlink:label="cmre_NoteToFinancialStatementDetailsTextual-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note To Financial Statement Details Textual</link:label>
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    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-significant-accounting-policies-policies" xlink:label="cmre_statement-statement-significant-accounting-policies-policies" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-significant-accounting-policies-policies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Significant Accounting Policies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-significant-accounting-policies-policies" xlink:to="cmre_statement-statement-significant-accounting-policies-policies-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-tables" xlink:label="cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-tables" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 2 - Significant Accounting Policies and Recent Accounting Pronouncements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-tables" xlink:to="cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-4-segmental-financial-information-tables" xlink:label="cmre_statement-statement-note-4-segmental-financial-information-tables" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-4-segmental-financial-information-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 4 - Segmental Financial Information</link:label>
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    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-7-vessels-and-advances-net-tables" xlink:label="cmre_statement-statement-note-7-vessels-and-advances-net-tables" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-7-vessels-and-advances-net-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 7 - Vessels and Advances, Net</link:label>
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    <link:label xlink:label="cmre_statement-statement-note-8-deferred-charges-net-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 8 - Deferred Charges, Net</link:label>
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    <link:label xlink:label="cmre_statement-statement-note-10-equity-method-investments-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 10 - Equity Method Investments</link:label>
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    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-11-longterm-debt-tables" xlink:label="cmre_statement-statement-note-11-longterm-debt-tables" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-11-longterm-debt-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 11 - Long-term Debt</link:label>
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    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilitiesNoncurrentAbstract" xlink:label="us-gaap_LiabilitiesNoncurrentAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LiabilitiesNoncurrentAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">NON-CURRENT LIABILITIES:</link:label>
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    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-12-rightofuse-assets-and-finance-lease-liabilities-tables" xlink:label="cmre_statement-statement-note-12-rightofuse-assets-and-finance-lease-liabilities-tables" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-12-rightofuse-assets-and-finance-lease-liabilities-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 12 - Right-of-Use Assets and Finance Lease Liabilities</link:label>
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    <link:label xlink:label="us-gaap_LongTermPurchaseCommitmentByCategoryOfItemPurchasedAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Category of Item Purchased [Axis]</link:label>
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    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-tables" xlink:label="cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-tables" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 13 - Accrued Charter Revenue, Current and Non-current, Unearned Revenue, Current and Non-current and Time Charter Assumed, Current and Non-current</link:label>
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    <link:label xlink:label="us-gaap_LongTermPurchaseCommitmentCategoryOfItemPurchasedDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Purchase Commitment, Category of Item Purchased [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermPurchaseCommitmentCategoryOfItemPurchasedDomain" xlink:to="us-gaap_LongTermPurchaseCommitmentCategoryOfItemPurchasedDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-14-commitments-and-contingencies-tables" xlink:label="cmre_statement-statement-note-14-commitments-and-contingencies-tables" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-14-commitments-and-contingencies-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 14 - Commitments and Contingencies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-14-commitments-and-contingencies-tables" xlink:to="cmre_statement-statement-note-14-commitments-and-contingencies-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-15-noncontrolling-interest-tables" xlink:label="cmre_statement-statement-note-15-noncontrolling-interest-tables" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-15-noncontrolling-interest-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 15 - Non-controlling Interest</link:label>
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    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-17-earnings-per-share-tables" xlink:label="cmre_statement-statement-note-17-earnings-per-share-tables" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-17-earnings-per-share-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 17 - Earnings Per Share</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-17-earnings-per-share-tables" xlink:to="cmre_statement-statement-note-17-earnings-per-share-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-18-interest-and-finance-costs-tables" xlink:label="cmre_statement-statement-note-18-interest-and-finance-costs-tables" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-18-interest-and-finance-costs-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 18 - Interest and Finance Costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-18-interest-and-finance-costs-tables" xlink:to="cmre_statement-statement-note-18-interest-and-finance-costs-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-20-derivatives-tables" xlink:label="cmre_statement-statement-note-20-derivatives-tables" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-20-derivatives-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 20 - Derivatives</link:label>
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    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilitiesCurrent" xlink:label="us-gaap_LiabilitiesCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current liabilities</link:label>
    <link:label xlink:label="us-gaap_LiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LiabilitiesCurrent</link:label>
    <link:label xlink:label="us-gaap_LiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrent" xlink:to="us-gaap_LiabilitiesCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DueToRelatedPartiesCurrent" xlink:label="us-gaap_DueToRelatedPartiesCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DueToRelatedPartiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due to related parties (Note 3)</link:label>
    <link:label xlink:label="us-gaap_DueToRelatedPartiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due to Related Parties, Current, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueToRelatedPartiesCurrent" xlink:to="us-gaap_DueToRelatedPartiesCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-21-financial-instruments-tables" xlink:label="cmre_statement-statement-note-21-financial-instruments-tables" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-21-financial-instruments-tables-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 21 - Financial Instruments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-21-financial-instruments-tables" xlink:to="cmre_statement-statement-note-21-financial-instruments-tables-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-reconciliation-of-cash-cash-equivalents-and-restricted-cash-details" xlink:label="cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-reconciliation-of-cash-cash-equivalents-and-restricted-cash-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-reconciliation-of-cash-cash-equivalents-and-restricted-cash-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 2 - Significant Accounting Policies and Recent Accounting Pronouncements - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-reconciliation-of-cash-cash-equivalents-and-restricted-cash-details" xlink:to="cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-reconciliation-of-cash-cash-equivalents-and-restricted-cash-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ContainerVesselsMember" xlink:label="cmre_ContainerVesselsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ContainerVesselsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Container Vessels [Member]</link:label>
    <link:label xlink:label="cmre_ContainerVesselsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents container vessels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ContainerVesselsMember" xlink:to="cmre_ContainerVesselsMember-label" xlink:type="arc"/>
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    <link:label xlink:label="cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-revenues-from-significant-charterers-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 2 - Significant Accounting Policies and Recent Accounting Pronouncements - Revenues from Significant Charterers (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-revenues-from-significant-charterers-details" xlink:to="cmre_statement-statement-note-2-significant-accounting-policies-and-recent-accounting-pronouncements-revenues-from-significant-charterers-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ContainerVesselsAndDrybulkVesselsMember" xlink:label="cmre_ContainerVesselsAndDrybulkVesselsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ContainerVesselsAndDrybulkVesselsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Container Vessels and Dry-bulk Vessels [member]</link:label>
    <link:label xlink:label="cmre_ContainerVesselsAndDrybulkVesselsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents container and dry-bulk vessels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ContainerVesselsAndDrybulkVesselsMember" xlink:to="cmre_ContainerVesselsAndDrybulkVesselsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherLiabilitiesCurrent" xlink:label="us-gaap_OtherLiabilitiesCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherLiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other current liabilities</link:label>
    <link:label xlink:label="us-gaap_OtherLiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Liabilities, Current, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLiabilitiesCurrent" xlink:to="us-gaap_OtherLiabilitiesCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue" xlink:label="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue</link:label>
    <link:label xlink:label="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Instruments Not Designated as Hedging Instruments, Asset, at Fair Value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue" xlink:to="us-gaap_DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-4-segmental-financial-information-summary-of-reportable-segments-details" xlink:label="cmre_statement-statement-note-4-segmental-financial-information-summary-of-reportable-segments-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-4-segmental-financial-information-summary-of-reportable-segments-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 4 - Segmental Financial Information - Summary of Reportable Segments (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-4-segmental-financial-information-summary-of-reportable-segments-details" xlink:to="cmre_statement-statement-note-4-segmental-financial-information-summary-of-reportable-segments-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-7-vessels-and-advances-net-summary-of-vessels-details" xlink:label="cmre_statement-statement-note-7-vessels-and-advances-net-summary-of-vessels-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-7-vessels-and-advances-net-summary-of-vessels-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 7 - Vessels and Advances, Net - Summary of Vessels (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-7-vessels-and-advances-net-summary-of-vessels-details" xlink:to="cmre_statement-statement-note-7-vessels-and-advances-net-summary-of-vessels-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-8-deferred-charges-net-schedule-of-deferred-charges-net-details" xlink:label="cmre_statement-statement-note-8-deferred-charges-net-schedule-of-deferred-charges-net-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-8-deferred-charges-net-schedule-of-deferred-charges-net-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 8 - Deferred Charges, Net - Schedule of Deferred Charges, Net (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-8-deferred-charges-net-schedule-of-deferred-charges-net-details" xlink:to="cmre_statement-statement-note-8-deferred-charges-net-schedule-of-deferred-charges-net-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-10-equity-method-investments-companies-accounted-for-as-equity-method-investments-details" xlink:label="cmre_statement-statement-note-10-equity-method-investments-companies-accounted-for-as-equity-method-investments-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-10-equity-method-investments-companies-accounted-for-as-equity-method-investments-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 10 - Equity Method Investments - Companies Accounted for as Equity Method Investments (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-10-equity-method-investments-companies-accounted-for-as-equity-method-investments-details" xlink:to="cmre_statement-statement-note-10-equity-method-investments-companies-accounted-for-as-equity-method-investments-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-10-equity-method-investments-summarized-financial-information-on-equity-method-investments-details" xlink:label="cmre_statement-statement-note-10-equity-method-investments-summarized-financial-information-on-equity-method-investments-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-10-equity-method-investments-summarized-financial-information-on-equity-method-investments-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 10 - Equity Method Investments - Summarized Financial Information on Equity Method Investments (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-10-equity-method-investments-summarized-financial-information-on-equity-method-investments-details" xlink:to="cmre_statement-statement-note-10-equity-method-investments-summarized-financial-information-on-equity-method-investments-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-11-longterm-debt-schedule-of-longterm-debt-details" xlink:label="cmre_statement-statement-note-11-longterm-debt-schedule-of-longterm-debt-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-11-longterm-debt-schedule-of-longterm-debt-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 11 - Long-term Debt - Schedule of Long-term Debt (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-11-longterm-debt-schedule-of-longterm-debt-details" xlink:to="cmre_statement-statement-note-11-longterm-debt-schedule-of-longterm-debt-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-11-longterm-debt-annual-repayments-under-credit-facilities-and-term-loans-details" xlink:label="cmre_statement-statement-note-11-longterm-debt-annual-repayments-under-credit-facilities-and-term-loans-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-11-longterm-debt-annual-repayments-under-credit-facilities-and-term-loans-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 11 - Long-term Debt - Annual Repayments Under Credit Facilities and Term Loans (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-11-longterm-debt-annual-repayments-under-credit-facilities-and-term-loans-details" xlink:to="cmre_statement-statement-note-11-longterm-debt-annual-repayments-under-credit-facilities-and-term-loans-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-11-longterm-debt-financing-costs-included-in-loan-balances-details" xlink:label="cmre_statement-statement-note-11-longterm-debt-financing-costs-included-in-loan-balances-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-11-longterm-debt-financing-costs-included-in-loan-balances-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 11 - Long-term Debt - Financing Costs Included in Loan Balances (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-11-longterm-debt-financing-costs-included-in-loan-balances-details" xlink:to="cmre_statement-statement-note-11-longterm-debt-financing-costs-included-in-loan-balances-details-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InsuranceSettlementsReceivableCurrent" xlink:label="us-gaap_InsuranceSettlementsReceivableCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InsuranceSettlementsReceivableCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance claims receivable</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InsuranceSettlementsReceivableCurrent" xlink:to="us-gaap_InsuranceSettlementsReceivableCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AriesArgusGlenCanyonAndrousaNorfolkPortoCheliPortoKagioPortoGermenoAndGialovaMember" xlink:label="cmre_AriesArgusGlenCanyonAndrousaNorfolkPortoCheliPortoKagioPortoGermenoAndGialovaMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_AriesArgusGlenCanyonAndrousaNorfolkPortoCheliPortoKagioPortoGermenoAndGialovaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Aries, Argus, Glen Canyon, Androusa, Norfolk, Porto Cheli, Porto Kagio, Porto Germeno and Gialova [Member]</link:label>
    <link:label xlink:label="cmre_AriesArgusGlenCanyonAndrousaNorfolkPortoCheliPortoKagioPortoGermenoAndGialovaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Aries, Argus, Glen Canyon, Androusa, Norfolk, Porto Cheli, Porto Kagio, Porto Germeno and Gialova.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AriesArgusGlenCanyonAndrousaNorfolkPortoCheliPortoKagioPortoGermenoAndGialovaMember" xlink:to="cmre_AriesArgusGlenCanyonAndrousaNorfolkPortoCheliPortoKagioPortoGermenoAndGialovaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-12-rightofuse-assets-and-finance-lease-liabilities-finance-lease-obligations-details" xlink:label="cmre_statement-statement-note-12-rightofuse-assets-and-finance-lease-liabilities-finance-lease-obligations-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-12-rightofuse-assets-and-finance-lease-liabilities-finance-lease-obligations-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 12 - Right-of-Use Assets and Finance Lease Liabilities - Finance Lease Obligations (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-12-rightofuse-assets-and-finance-lease-liabilities-finance-lease-obligations-details" xlink:to="cmre_statement-statement-note-12-rightofuse-assets-and-finance-lease-liabilities-finance-lease-obligations-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-schedule-of-accrued-revenue-details" xlink:label="cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-schedule-of-accrued-revenue-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-schedule-of-accrued-revenue-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 13 - Accrued Charter Revenue, Current and Non-current, Unearned Revenue, Current and Non-current and Time Charter Assumed, Current and Non-current - Schedule of Accrued Revenue (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-schedule-of-accrued-revenue-details" xlink:to="cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-schedule-of-accrued-revenue-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-schedule-of-unearned-revenue-details" xlink:label="cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-schedule-of-unearned-revenue-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-schedule-of-unearned-revenue-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 13 - Accrued Charter Revenue, Current and Non-current, Unearned Revenue, Current and Non-current and Time Charter Assumed, Current and Non-current - Schedule of Unearned Revenue (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-schedule-of-unearned-revenue-details" xlink:to="cmre_statement-statement-note-13-accrued-charter-revenue-current-and-noncurrent-unearned-revenue-current-and-noncurrent-and-time-charter-assumed-current-and-noncurrent-schedule-of-unearned-revenue-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TotalMember" xlink:label="cmre_TotalMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_TotalMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Total [Member]</link:label>
    <link:label xlink:label="cmre_TotalMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information related to total.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TotalMember" xlink:to="cmre_TotalMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InterestCostsCapitalizedToVesselsAndAdvancesNet" xlink:label="cmre_InterestCostsCapitalizedToVesselsAndAdvancesNet" xlink:type="locator"/>
    <link:label xlink:label="cmre_InterestCostsCapitalizedToVesselsAndAdvancesNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_InterestCostsCapitalizedToVesselsAndAdvancesNet</link:label>
    <link:label xlink:label="cmre_InterestCostsCapitalizedToVesselsAndAdvancesNet-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Costs Capitalized to Vessels and Advances, Net</link:label>
    <link:label xlink:label="cmre_InterestCostsCapitalizedToVesselsAndAdvancesNet-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of interest capitalized during the period to Vessels and Advances, net.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InterestCostsCapitalizedToVesselsAndAdvancesNet" xlink:to="cmre_InterestCostsCapitalizedToVesselsAndAdvancesNet-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-14-commitments-and-contingencies-schedule-of-time-charter-arrangements-details" xlink:label="cmre_statement-statement-note-14-commitments-and-contingencies-schedule-of-time-charter-arrangements-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-14-commitments-and-contingencies-schedule-of-time-charter-arrangements-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 14 - Commitments and Contingencies - Schedule of Time Charter Arrangements (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-14-commitments-and-contingencies-schedule-of-time-charter-arrangements-details" xlink:to="cmre_statement-statement-note-14-commitments-and-contingencies-schedule-of-time-charter-arrangements-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_OtherMember" xlink:label="cmre_OtherMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_OtherMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other [Member]</link:label>
    <link:label xlink:label="cmre_OtherMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information related to other.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_OtherMember" xlink:to="cmre_OtherMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LongTermDebtGrossIncludingTermLoansAndOtherFinancingArrangements" xlink:label="cmre_LongTermDebtGrossIncludingTermLoansAndOtherFinancingArrangements" xlink:type="locator"/>
    <link:label xlink:label="cmre_LongTermDebtGrossIncludingTermLoansAndOtherFinancingArrangements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_LongTermDebtGrossIncludingTermLoansAndOtherFinancingArrangements</link:label>
    <link:label xlink:label="cmre_LongTermDebtGrossIncludingTermLoansAndOtherFinancingArrangements-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label xlink:label="cmre_LongTermDebtGrossIncludingTermLoansAndOtherFinancingArrangements-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the gross amount of long-term debt at the balance sheet date, including term loans and other financing arrangements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LongTermDebtGrossIncludingTermLoansAndOtherFinancingArrangements" xlink:to="cmre_LongTermDebtGrossIncludingTermLoansAndOtherFinancingArrangements-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-15-noncontrolling-interest-redeemable-noncontrolling-interest-in-subsidiary-details" xlink:label="cmre_statement-statement-note-15-noncontrolling-interest-redeemable-noncontrolling-interest-in-subsidiary-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-15-noncontrolling-interest-redeemable-noncontrolling-interest-in-subsidiary-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 15 - Non-controlling Interest - Redeemable Non-controlling Interest in Subsidiary (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-15-noncontrolling-interest-redeemable-noncontrolling-interest-in-subsidiary-details" xlink:to="cmre_statement-statement-note-15-noncontrolling-interest-redeemable-noncontrolling-interest-in-subsidiary-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-17-earnings-per-share-schedule-of-earnings-per-share-details" xlink:label="cmre_statement-statement-note-17-earnings-per-share-schedule-of-earnings-per-share-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-17-earnings-per-share-schedule-of-earnings-per-share-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 17 - Earnings Per Share - Schedule of Earnings Per Share (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-17-earnings-per-share-schedule-of-earnings-per-share-details" xlink:to="cmre_statement-statement-note-17-earnings-per-share-schedule-of-earnings-per-share-details-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeNumberOfInstrumentsHeld" xlink:label="us-gaap_DerivativeNumberOfInstrumentsHeld" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeNumberOfInstrumentsHeld-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DerivativeNumberOfInstrumentsHeld</link:label>
    <link:label xlink:label="us-gaap_DerivativeNumberOfInstrumentsHeld-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative, Number of Instruments Held, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeNumberOfInstrumentsHeld" xlink:to="us-gaap_DerivativeNumberOfInstrumentsHeld-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeLiabilitiesCurrent" xlink:label="us-gaap_DerivativeLiabilitiesCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeLiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DerivativeLiabilitiesCurrent</link:label>
    <link:label xlink:label="us-gaap_DerivativeLiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair value of derivatives (Notes 20 and 21)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilitiesCurrent" xlink:to="us-gaap_DerivativeLiabilitiesCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-18-interest-and-finance-costs-schedule-of-income-statement-related-costs-details" xlink:label="cmre_statement-statement-note-18-interest-and-finance-costs-schedule-of-income-statement-related-costs-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-18-interest-and-finance-costs-schedule-of-income-statement-related-costs-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 18 - Interest and Finance Costs - Schedule of Income Statement Related Costs (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-18-interest-and-finance-costs-schedule-of-income-statement-related-costs-details" xlink:to="cmre_statement-statement-note-18-interest-and-finance-costs-schedule-of-income-statement-related-costs-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfAssetAcquired" xlink:label="cmre_NumberOfAssetAcquired" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfAssetAcquired-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfAssetAcquired</link:label>
    <link:label xlink:label="cmre_NumberOfAssetAcquired-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Asset Acquired</link:label>
    <link:label xlink:label="cmre_NumberOfAssetAcquired-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Number of asset acquired.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfAssetAcquired" xlink:to="cmre_NumberOfAssetAcquired-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-20-derivatives-cross-currency-swaps-details" xlink:label="cmre_statement-statement-note-20-derivatives-cross-currency-swaps-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-20-derivatives-cross-currency-swaps-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 20 - Derivatives - Cross Currency Swaps (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-20-derivatives-cross-currency-swaps-details" xlink:to="cmre_statement-statement-note-20-derivatives-cross-currency-swaps-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AssetAcquistionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetTotal" xlink:label="cmre_AssetAcquistionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetTotal" xlink:type="locator"/>
    <link:label xlink:label="cmre_AssetAcquistionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetTotal-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AssetAcquistionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetTotal</link:label>
    <link:label xlink:label="cmre_AssetAcquistionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetTotal-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Asset Acquistion, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total</link:label>
    <link:label xlink:label="cmre_AssetAcquistionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetTotal-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AssetAcquistionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetTotal" xlink:to="cmre_AssetAcquistionRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNetTotal-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-20-derivatives-effect-of-derivative-instruments-details" xlink:label="cmre_statement-statement-note-20-derivatives-effect-of-derivative-instruments-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-20-derivatives-effect-of-derivative-instruments-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 20 - Derivatives - Effect of Derivative Instruments (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-20-derivatives-effect-of-derivative-instruments-details" xlink:to="cmre_statement-statement-note-20-derivatives-effect-of-derivative-instruments-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FirstFourNewbuildVesselsPurchasedMember" xlink:label="cmre_FirstFourNewbuildVesselsPurchasedMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_FirstFourNewbuildVesselsPurchasedMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">First Four Newbuild Vessels Purchased [Member]</link:label>
    <link:label xlink:label="cmre_FirstFourNewbuildVesselsPurchasedMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents first four newbuild vessels purchased.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FirstFourNewbuildVesselsPurchasedMember" xlink:to="cmre_FirstFourNewbuildVesselsPurchasedMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-20-derivatives-derivatives-not-designated-as-hedging-instruments-and-ineffectiveness-of-hedging-instruments-details" xlink:label="cmre_statement-statement-note-20-derivatives-derivatives-not-designated-as-hedging-instruments-and-ineffectiveness-of-hedging-instruments-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-20-derivatives-derivatives-not-designated-as-hedging-instruments-and-ineffectiveness-of-hedging-instruments-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 20 - Derivatives - Derivatives Not Designated as Hedging Instruments and Ineffectiveness of Hedging Instruments (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-20-derivatives-derivatives-not-designated-as-hedging-instruments-and-ineffectiveness-of-hedging-instruments-details" xlink:to="cmre_statement-statement-note-20-derivatives-derivatives-not-designated-as-hedging-instruments-and-ineffectiveness-of-hedging-instruments-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SecondFourNewbuildVesselsPurchasedMember" xlink:label="cmre_SecondFourNewbuildVesselsPurchasedMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_SecondFourNewbuildVesselsPurchasedMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Second Four Newbuild Vessels Purchased [Member]</link:label>
    <link:label xlink:label="cmre_SecondFourNewbuildVesselsPurchasedMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents second four newbuild vessels purchased.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SecondFourNewbuildVesselsPurchasedMember" xlink:to="cmre_SecondFourNewbuildVesselsPurchasedMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_statement-statement-note-21-financial-instruments-fair-value-of-assets-and-liabilities-details" xlink:label="cmre_statement-statement-note-21-financial-instruments-fair-value-of-assets-and-liabilities-details" xlink:type="locator"/>
    <link:label xlink:label="cmre_statement-statement-note-21-financial-instruments-fair-value-of-assets-and-liabilities-details-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 21 - Financial Instruments - Fair Value of Assets and Liabilities (Details)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_statement-statement-note-21-financial-instruments-fair-value-of-assets-and-liabilities-details" xlink:to="cmre_statement-statement-note-21-financial-instruments-fair-value-of-assets-and-liabilities-details-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_HalifaxExpressProsperVenetikoZimShanghaiAndZimNyorkMember" xlink:label="cmre_HalifaxExpressProsperVenetikoZimShanghaiAndZimNyorkMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_HalifaxExpressProsperVenetikoZimShanghaiAndZimNyorkMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Halifax Express, Prosper, Venetiko, Zim Shanghai and Zim N.York [Member]</link:label>
    <link:label xlink:label="cmre_HalifaxExpressProsperVenetikoZimShanghaiAndZimNyorkMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Halifax Express, Prosper, Venetiko, Zim Shanghai and Zim N.York.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_HalifaxExpressProsperVenetikoZimShanghaiAndZimNyorkMember" xlink:to="cmre_HalifaxExpressProsperVenetikoZimShanghaiAndZimNyorkMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NotesToFinancialStatements" xlink:label="cmre_NotesToFinancialStatements" xlink:type="locator"/>
    <link:label xlink:label="cmre_NotesToFinancialStatements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes To Financial Statements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NotesToFinancialStatements" xlink:to="cmre_NotesToFinancialStatements-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AmountTransferredFromDeferredCharges" xlink:label="cmre_AmountTransferredFromDeferredCharges" xlink:type="locator"/>
    <link:label xlink:label="cmre_AmountTransferredFromDeferredCharges-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AmountTransferredFromDeferredCharges</link:label>
    <link:label xlink:label="cmre_AmountTransferredFromDeferredCharges-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amount Transferred from Deferred Charges</link:label>
    <link:label xlink:label="cmre_AmountTransferredFromDeferredCharges-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents amount transferred from deferred charges.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AmountTransferredFromDeferredCharges" xlink:to="cmre_AmountTransferredFromDeferredCharges-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NotesToFinancialStatementsAbstract" xlink:label="cmre_NotesToFinancialStatementsAbstract" xlink:type="locator"/>
    <link:label xlink:label="cmre_NotesToFinancialStatementsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Notes To Financial Statements [Abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NotesToFinancialStatementsAbstract" xlink:to="cmre_NotesToFinancialStatementsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfDerivativeInstrumentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Derivative Instruments [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDerivativeInstrumentsTextBlock" xlink:to="us-gaap_ScheduleOfDerivativeInstrumentsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AccruedCharterRevenueNet" xlink:label="cmre_AccruedCharterRevenueNet" xlink:type="locator"/>
    <link:label xlink:label="cmre_AccruedCharterRevenueNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AccruedCharterRevenueNet</link:label>
    <link:label xlink:label="cmre_AccruedCharterRevenueNet-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued Charter Revenue, Net</link:label>
    <link:label xlink:label="cmre_AccruedCharterRevenueNet-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents net accrued charter revenue.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AccruedCharterRevenueNet" xlink:to="cmre_AccruedCharterRevenueNet-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AssetAcquisitionPercentageOfVotingInterestsAcquired" xlink:label="cmre_AssetAcquisitionPercentageOfVotingInterestsAcquired" xlink:type="locator"/>
    <link:label xlink:label="cmre_AssetAcquisitionPercentageOfVotingInterestsAcquired-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AssetAcquisitionPercentageOfVotingInterestsAcquired</link:label>
    <link:label xlink:label="cmre_AssetAcquisitionPercentageOfVotingInterestsAcquired-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Asset Acquisition, Percentage of Voting Interests Acquired</link:label>
    <link:label xlink:label="cmre_AssetAcquisitionPercentageOfVotingInterestsAcquired-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of voting equity interests acquired at the acquisition date in asset acquisition.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AssetAcquisitionPercentageOfVotingInterestsAcquired" xlink:to="cmre_AssetAcquisitionPercentageOfVotingInterestsAcquired-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebtCurrent" xlink:label="us-gaap_LongTermDebtCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongTermDebtCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current portion of long-term debt, net of deferred financing costs (Note 11)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtCurrent" xlink:to="us-gaap_LongTermDebtCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">- Other comprehensive income (loss)</link:label>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Net of Tax, Total</link:label>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Other comprehensive income / (loss) for the year</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTax-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquitySecuritiesMember" xlink:label="us-gaap_EquitySecuritiesMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquitySecuritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Securities [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesMember" xlink:to="us-gaap_EquitySecuritiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_YorkMember" xlink:label="cmre_YorkMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_YorkMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">York [Member]</link:label>
    <link:label xlink:label="cmre_YorkMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to York.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_YorkMember" xlink:to="cmre_YorkMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain" xlink:to="us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CompaniesOwningTritonTitanTalosTaurusAndTheseusMember" xlink:label="cmre_CompaniesOwningTritonTitanTalosTaurusAndTheseusMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_CompaniesOwningTritonTitanTalosTaurusAndTheseusMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Companies Owning Triton, Titan, Talos, Taurus and Theseus [Member]</link:label>
    <link:label xlink:label="cmre_CompaniesOwningTritonTitanTalosTaurusAndTheseusMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to companies owning Triton, Titan, Talos, Taurus and Theseus.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CompaniesOwningTritonTitanTalosTaurusAndTheseusMember" xlink:to="cmre_CompaniesOwningTritonTitanTalosTaurusAndTheseusMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisTrancheBMember" xlink:label="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisTrancheBMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisTrancheBMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Agreement to Partially Finance the Acquisition of Megalopolis and Marathopolis, Tranche B [Member]</link:label>
    <link:label xlink:label="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisTrancheBMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding tranche B of the loan agreement partially finance the Megalopolis and Marathopolis acquisition.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisTrancheBMember" xlink:to="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisTrancheBMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FinancialInstrumentAxis" xlink:label="us-gaap_FinancialInstrumentAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FinancialInstrumentAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instrument [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentAxis" xlink:to="us-gaap_FinancialInstrumentAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisTrancheAMember" xlink:label="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisTrancheAMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisTrancheAMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Agreement to Partially Finance the Acquisition of Megalopolis and Marathopolis, Tranche A [Member]</link:label>
    <link:label xlink:label="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisTrancheAMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding tranche A of the loan agreement partially finance the Megalopolis and Marathopolis acquisition.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisTrancheAMember" xlink:to="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisTrancheAMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccruedLiabilitiesCurrent" xlink:label="us-gaap_AccruedLiabilitiesCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccruedLiabilitiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccruedLiabilitiesCurrent" xlink:to="us-gaap_AccruedLiabilitiesCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LCLawStylianouAssociatesLlcMember" xlink:label="cmre_LCLawStylianouAssociatesLlcMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LCLawStylianouAssociatesLlcMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LC LAW Stylianou &amp; Associates LLC [Member]</link:label>
    <link:label xlink:label="cmre_LCLawStylianouAssociatesLlcMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents LC LAW Stylianou &amp; Associates LLC.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LCLawStylianouAssociatesLlcMember" xlink:to="cmre_LCLawStylianouAssociatesLlcMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LesseeFinanceLeasesTextBlock" xlink:label="us-gaap_LesseeFinanceLeasesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LesseeFinanceLeasesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Finance Leases [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeFinanceLeasesTextBlock" xlink:to="us-gaap_LesseeFinanceLeasesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LegalServiceMember" xlink:label="cmre_LegalServiceMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LegalServiceMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Service [Member]</link:label>
    <link:label xlink:label="cmre_LegalServiceMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents legal service.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LegalServiceMember" xlink:to="cmre_LegalServiceMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccountsPayableCurrent" xlink:label="us-gaap_AccountsPayableCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccountsPayableCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts payable</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsPayableCurrent" xlink:to="us-gaap_AccountsPayableCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber</link:label>
    <link:label xlink:label="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber" xlink:to="us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PolicyTextBlockAbstract" xlink:label="us-gaap_PolicyTextBlockAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PolicyTextBlockAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PolicyTextBlockAbstract</link:label>
    <link:label xlink:label="us-gaap_PolicyTextBlockAbstract-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounting Policies</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PolicyTextBlockAbstract" xlink:to="us-gaap_PolicyTextBlockAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SwapsBreakageCost" xlink:label="cmre_SwapsBreakageCost" xlink:type="locator"/>
    <link:label xlink:label="cmre_SwapsBreakageCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Swaps breakage cost, net (Note 20)</link:label>
    <link:label xlink:label="cmre_SwapsBreakageCost-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount received from (paid to) to counterparty for early termination of derivatives.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SwapsBreakageCost" xlink:to="cmre_SwapsBreakageCost-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DebtInstrumentRedemptionPremiumPercentage" xlink:label="cmre_DebtInstrumentRedemptionPremiumPercentage" xlink:type="locator"/>
    <link:label xlink:label="cmre_DebtInstrumentRedemptionPremiumPercentage-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DebtInstrumentRedemptionPremiumPercentage</link:label>
    <link:label xlink:label="cmre_DebtInstrumentRedemptionPremiumPercentage-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption, Premium Percentage</link:label>
    <link:label xlink:label="cmre_DebtInstrumentRedemptionPremiumPercentage-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percentage of premium upon redemption of the debt instrument.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DebtInstrumentRedemptionPremiumPercentage" xlink:to="cmre_DebtInstrumentRedemptionPremiumPercentage-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TheFifthOrSixthCouponPaymentDateMember" xlink:label="cmre_TheFifthOrSixthCouponPaymentDateMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_TheFifthOrSixthCouponPaymentDateMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The Fifth or Sixth Coupon Payment Date [Member]</link:label>
    <link:label xlink:label="cmre_TheFifthOrSixthCouponPaymentDateMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the fifth or sixth coupon payment date.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TheFifthOrSixthCouponPaymentDateMember" xlink:to="cmre_TheFifthOrSixthCouponPaymentDateMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TheSeventhOrEighthCouponPaymentDateMember" xlink:label="cmre_TheSeventhOrEighthCouponPaymentDateMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_TheSeventhOrEighthCouponPaymentDateMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The Seventh or Eighth Coupon Payment Date [Member]</link:label>
    <link:label xlink:label="cmre_TheSeventhOrEighthCouponPaymentDateMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the seventh or eighth coupon payment date.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TheSeventhOrEighthCouponPaymentDateMember" xlink:to="cmre_TheSeventhOrEighthCouponPaymentDateMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LoanAgreementWith11CompaniesRefinancingTrancheMember" xlink:label="cmre_LoanAgreementWith11CompaniesRefinancingTrancheMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LoanAgreementWith11CompaniesRefinancingTrancheMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Agreement with 11 Companies, Refinancing Tranche [Member]</link:label>
    <link:label xlink:label="cmre_LoanAgreementWith11CompaniesRefinancingTrancheMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents refinancing tranche of the loan agreement with Achilleas Maritime Corporation, Angistri Corporation, Fanakos Maritime Corporation, Fastsailing Maritime Co., Lindner Shipping Co., Miko Shipping Co., Saval Shipping Co., Spedding Shipping Co., Tanera Shipping Co., Timpson Shipping Co. and Wester Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LoanAgreementWith11CompaniesRefinancingTrancheMember" xlink:to="cmre_LoanAgreementWith11CompaniesRefinancingTrancheMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VesselsHeldForSaleAtPeriodEnd" xlink:label="cmre_VesselsHeldForSaleAtPeriodEnd" xlink:type="locator"/>
    <link:label xlink:label="cmre_VesselsHeldForSaleAtPeriodEnd-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_VesselsHeldForSaleAtPeriodEnd</link:label>
    <link:label xlink:label="cmre_VesselsHeldForSaleAtPeriodEnd-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessels Held for Sale at Period End</link:label>
    <link:label xlink:label="cmre_VesselsHeldForSaleAtPeriodEnd-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents vessels held for sale at period end.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VesselsHeldForSaleAtPeriodEnd" xlink:to="cmre_VesselsHeldForSaleAtPeriodEnd-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheAAndBMember" xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheAAndBmember" xlink:type="locator"/>
    <link:label xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheAAndBmember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. Loan Agreement, Tranche A and B[Member]</link:label>
    <link:label xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheAAndBmember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents tranche A and B of the loan agreement with Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheAAndBmember" xlink:to="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheAAndBmember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AmortizationOfHedgeEffectivenessExcludedComponentFromCashFlowHedges" xlink:label="cmre_AmortizationOfHedgeEffectivenessExcludedComponentFromCashFlowHedges" xlink:type="locator"/>
    <link:label xlink:label="cmre_AmortizationOfHedgeEffectivenessExcludedComponentFromCashFlowHedges-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of hedge effectiveness excluded component from cash flow hedges</link:label>
    <link:label xlink:label="cmre_AmortizationOfHedgeEffectivenessExcludedComponentFromCashFlowHedges-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of excluded component related to cash flow hedges</link:label>
    <link:label xlink:label="cmre_AmortizationOfHedgeEffectivenessExcludedComponentFromCashFlowHedges-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of amortization of hedge effectiveness excluded component from cash flow hedges.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AmortizationOfHedgeEffectivenessExcludedComponentFromCashFlowHedges" xlink:to="cmre_AmortizationOfHedgeEffectivenessExcludedComponentFromCashFlowHedges-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheCMember" xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheCMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheCMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. Loan Agreement, Tranche C [Member]</link:label>
    <link:label xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheCMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents tranche C of the loan agreement with Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheCMember" xlink:to="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheCMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VesselsImpairmentLoss" xlink:label="cmre_VesselsImpairmentLoss" xlink:type="locator"/>
    <link:label xlink:label="cmre_VesselsImpairmentLoss-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Vessels&#8217; Impairment loss</link:label>
    <link:label xlink:label="cmre_VesselsImpairmentLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessels&#8217; impairment loss</link:label>
    <link:label xlink:label="cmre_VesselsImpairmentLoss-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessels Impairment Loss</link:label>
    <link:label xlink:label="cmre_VesselsImpairmentLoss-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Vessels&#8217; impairment loss (Notes 7 and 8)</link:label>
    <link:label xlink:label="cmre_VesselsImpairmentLoss-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of write-down of vessels recognized in the income statement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VesselsImpairmentLoss" xlink:to="cmre_VesselsImpairmentLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheDMember" xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheDMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheDMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. Loan Agreement, Tranche D [Member]</link:label>
    <link:label xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheDMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents tranche D of the loan agreement with Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheDMember" xlink:to="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheDMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfDrybulkVesselsNotSecuredEmployment" xlink:label="cmre_NumberOfDrybulkVesselsNotSecuredEmployment" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfDrybulkVesselsNotSecuredEmployment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfDrybulkVesselsNotSecuredEmployment</link:label>
    <link:label xlink:label="cmre_NumberOfDrybulkVesselsNotSecuredEmployment-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Dry-bulk Vessels Not Secured Employment</link:label>
    <link:label xlink:label="cmre_NumberOfDrybulkVesselsNotSecuredEmployment-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of dry-bulk vessels that have not secured employment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfDrybulkVesselsNotSecuredEmployment" xlink:to="cmre_NumberOfDrybulkVesselsNotSecuredEmployment-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FinancialInstrumentsDisclosureTextBlock" xlink:label="us-gaap_FinancialInstrumentsDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FinancialInstrumentsDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Instruments Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinancialInstrumentsDisclosureTextBlock" xlink:to="us-gaap_FinancialInstrumentsDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilitiesCurrentAbstract" xlink:label="us-gaap_LiabilitiesCurrentAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LiabilitiesCurrentAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CURRENT LIABILITIES:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesCurrentAbstract" xlink:to="us-gaap_LiabilitiesCurrentAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AccountingForSpecialSurveyAndDryDockingCostsPolicyTextBlock" xlink:label="cmre_AccountingForSpecialSurveyAndDryDockingCostsPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_AccountingForSpecialSurveyAndDryDockingCostsPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounting for Special Survey and Dry-docking Costs [Policy Text Block]</link:label>
    <link:label xlink:label="cmre_AccountingForSpecialSurveyAndDryDockingCostsPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for special survey and drydocking costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AccountingForSpecialSurveyAndDryDockingCostsPolicyTextBlock" xlink:to="cmre_AccountingForSpecialSurveyAndDryDockingCostsPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TheNinthCouponPaymentDateMember" xlink:label="cmre_TheNinthCouponPaymentDateMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_TheNinthCouponPaymentDateMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The Ninth Coupon Payment Date [Member]</link:label>
    <link:label xlink:label="cmre_TheNinthCouponPaymentDateMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represent the ninth coupon payment date.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TheNinthCouponPaymentDateMember" xlink:to="cmre_TheNinthCouponPaymentDateMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DebtInstrumentEarlyRedemptionRequirementMinimumPrepaymentByIssuer" xlink:label="cmre_DebtInstrumentEarlyRedemptionRequirementMinimumPrepaymentByIssuer" xlink:type="locator"/>
    <link:label xlink:label="cmre_DebtInstrumentEarlyRedemptionRequirementMinimumPrepaymentByIssuer-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DebtInstrumentEarlyRedemptionRequirementMinimumPrepaymentByIssuer</link:label>
    <link:label xlink:label="cmre_DebtInstrumentEarlyRedemptionRequirementMinimumPrepaymentByIssuer-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Early Redemption Requirement, Minimum Prepayment by Issuer</link:label>
    <link:label xlink:label="cmre_DebtInstrumentEarlyRedemptionRequirementMinimumPrepaymentByIssuer-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The minimum amount of prepayment by issuer allowed to be redeemed early under the debt instrument.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DebtInstrumentEarlyRedemptionRequirementMinimumPrepaymentByIssuer" xlink:to="cmre_DebtInstrumentEarlyRedemptionRequirementMinimumPrepaymentByIssuer-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DebtInstrumentEarlyRedemptionRequirementMinimumNominalValueOfAfterPrepayment" xlink:label="cmre_DebtInstrumentEarlyRedemptionRequirementMinimumNominalValueOfAfterPrepayment" xlink:type="locator"/>
    <link:label xlink:label="cmre_DebtInstrumentEarlyRedemptionRequirementMinimumNominalValueOfAfterPrepayment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DebtInstrumentEarlyRedemptionRequirementMinimumNominalValueOfAfterPrepayment</link:label>
    <link:label xlink:label="cmre_DebtInstrumentEarlyRedemptionRequirementMinimumNominalValueOfAfterPrepayment-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Early Redemption Requirement, Minimum Nominal Value of After Prepayment</link:label>
    <link:label xlink:label="cmre_DebtInstrumentEarlyRedemptionRequirementMinimumNominalValueOfAfterPrepayment-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The minimum nominal value after prepayment that is required for early redemption by the issuer of the debt instrument.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DebtInstrumentEarlyRedemptionRequirementMinimumNominalValueOfAfterPrepayment" xlink:to="cmre_DebtInstrumentEarlyRedemptionRequirementMinimumNominalValueOfAfterPrepayment-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AssetsHeldForSalePolicyTextBlock" xlink:label="cmre_AssetsHeldForSalePolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_AssetsHeldForSalePolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Assets Held for Sale [Policy Text Block]</link:label>
    <link:label xlink:label="cmre_AssetsHeldForSalePolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Entity's accounitng policy for assets held for sale</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AssetsHeldForSalePolicyTextBlock" xlink:to="cmre_AssetsHeldForSalePolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Assets" xlink:label="us-gaap_Assets" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_Assets-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Total Assets</link:label>
    <link:label xlink:label="us-gaap_Assets-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_Assets</link:label>
    <link:label xlink:label="us-gaap_Assets-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Assets, Total</link:label>
    <link:label xlink:label="us-gaap_Assets-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Assets" xlink:to="us-gaap_Assets-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfDrybulkVesselsWithIndexlinkedTimeCharterRate" xlink:label="cmre_NumberOfDrybulkVesselsWithIndexlinkedTimeCharterRate" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfDrybulkVesselsWithIndexlinkedTimeCharterRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfDrybulkVesselsWithIndexlinkedTimeCharterRate</link:label>
    <link:label xlink:label="cmre_NumberOfDrybulkVesselsWithIndexlinkedTimeCharterRate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Dry-bulk Vessels with Index-linked Time Charter Rate</link:label>
    <link:label xlink:label="cmre_NumberOfDrybulkVesselsWithIndexlinkedTimeCharterRate-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of dry-bulk vessels with index-linked time charter rate.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfDrybulkVesselsWithIndexlinkedTimeCharterRate" xlink:to="cmre_NumberOfDrybulkVesselsWithIndexlinkedTimeCharterRate-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InvestmentsOwnershipPercentage" xlink:label="cmre_InvestmentsOwnershipPercentage" xlink:type="locator"/>
    <link:label xlink:label="cmre_InvestmentsOwnershipPercentage-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_InvestmentsOwnershipPercentage</link:label>
    <link:label xlink:label="cmre_InvestmentsOwnershipPercentage-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investments, Ownership Percentage</link:label>
    <link:label xlink:label="cmre_InvestmentsOwnershipPercentage-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of ownership in investment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InvestmentsOwnershipPercentage" xlink:to="cmre_InvestmentsOwnershipPercentage-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfContainerVessels" xlink:label="cmre_NumberOfContainerVessels" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfContainerVessels-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfContainerVessels</link:label>
    <link:label xlink:label="cmre_NumberOfContainerVessels-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Container Vessels</link:label>
    <link:label xlink:label="cmre_NumberOfContainerVessels-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of container vessels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfContainerVessels" xlink:to="cmre_NumberOfContainerVessels-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NeptuneMember" xlink:label="cmre_NeptuneMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_NeptuneMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Neptune [Member]</link:label>
    <link:label xlink:label="cmre_NeptuneMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Neptune.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NeptuneMember" xlink:to="cmre_NeptuneMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BastianShippingCoCadenceShippingCoEvantoneShippingCoAndFortroseShippingCoMember" xlink:label="cmre_BastianShippingCoCadenceShippingCoEvantoneShippingCoAndFortroseShippingCoMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_BastianShippingCoCadenceShippingCoEvantoneShippingCoAndFortroseShippingCoMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bastian Shipping Co., Cadence Shipping Co., Evantone Shipping Co. And Fortrose Shipping Co. [Member]</link:label>
    <link:label xlink:label="cmre_BastianShippingCoCadenceShippingCoEvantoneShippingCoAndFortroseShippingCoMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Bastian Shipping Co., Cadence Shipping Co., Evantone Shipping Co. And Fortrose Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BastianShippingCoCadenceShippingCoEvantoneShippingCoAndFortroseShippingCoMember" xlink:to="cmre_BastianShippingCoCadenceShippingCoEvantoneShippingCoAndFortroseShippingCoMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherAssetsDisclosureTextBlock" xlink:label="us-gaap_OtherAssetsDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherAssetsDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Assets Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsDisclosureTextBlock" xlink:to="us-gaap_OtherAssetsDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AdeleShippingCoTatumShippingCoAndSingletonShippingCoMember" xlink:label="cmre_AdeleShippingCoTatumShippingCoAndSingletonShippingCoMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_AdeleShippingCoTatumShippingCoAndSingletonShippingCoMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adele Shipping Co., Tatum Shipping Co. And Singleton Shipping Co. [Member]</link:label>
    <link:label xlink:label="cmre_AdeleShippingCoTatumShippingCoAndSingletonShippingCoMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Adele Shipping Co., Tatum Shipping Co. And Singleton Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AdeleShippingCoTatumShippingCoAndSingletonShippingCoMember" xlink:to="cmre_AdeleShippingCoTatumShippingCoAndSingletonShippingCoMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BlueNetCharteringGmbhCoKgContainershipsOnlyMember" xlink:label="cmre_BlueNetCharteringGmbhCoKgContainershipsOnlyMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_BlueNetCharteringGmbhCoKgContainershipsOnlyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Blue Net Chartering GmbH &amp; Co. KG (Containerships Only) [Member]</link:label>
    <link:label xlink:label="cmre_BlueNetCharteringGmbhCoKgContainershipsOnlyMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Blue Net Chartering GmbH &amp; Co. KG (containerships only).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BlueNetCharteringGmbhCoKgContainershipsOnlyMember" xlink:to="cmre_BlueNetCharteringGmbhCoKgContainershipsOnlyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BlueNetAsiaPteLtdBnaContainershipsOnlyMember" xlink:label="cmre_BlueNetAsiaPteLtdBnaContainershipsOnlyMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_BlueNetAsiaPteLtdBnaContainershipsOnlyMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Blue Net Asia Pte., Ltd. (&#8220;BNA&#8221;) (Containerships Only) [Member]</link:label>
    <link:label xlink:label="cmre_BlueNetAsiaPteLtdBnaContainershipsOnlyMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Blue Net Asia Pte., Ltd. (&#8220;BNA&#8221;) (containerships only).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BlueNetAsiaPteLtdBnaContainershipsOnlyMember" xlink:to="cmre_BlueNetAsiaPteLtdBnaContainershipsOnlyMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CostamareBulkersIncCbiMember" xlink:label="cmre_CostamareBulkersIncCbiMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_CostamareBulkersIncCbiMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costamare Bulkers Inc. (&#8220;CBI&#8221;) [Member]</link:label>
    <link:label xlink:label="cmre_CostamareBulkersIncCbiMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Costamare Bulkers Inc. (&#8220;CBI&#8221;).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CostamareBulkersIncCbiMember" xlink:to="cmre_CostamareBulkersIncCbiMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_IntersegmentRevenues" xlink:label="cmre_IntersegmentRevenues" xlink:type="locator"/>
    <link:label xlink:label="cmre_IntersegmentRevenues-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Intersegment voyage revenue</link:label>
    <link:label xlink:label="cmre_IntersegmentRevenues-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_IntersegmentRevenues</link:label>
    <link:label xlink:label="cmre_IntersegmentRevenues-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of intersegment revenues.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_IntersegmentRevenues" xlink:to="cmre_IntersegmentRevenues-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_Zim3PercentSeries1NotesAnd5PercentSeries2NotesDue2023Member" xlink:label="cmre_Zim3PercentSeries1NotesAnd5PercentSeries2NotesDue2023Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_Zim3PercentSeries1NotesAnd5PercentSeries2NotesDue2023Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Zim 3 Percent Series 1 Notes and 5 Percent Series 2 Notes Due 2023 [Member]</link:label>
    <link:label xlink:label="cmre_Zim3PercentSeries1NotesAnd5PercentSeries2NotesDue2023Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information pertaining to 3.0% Series 1 Notes due 2023 and 5.0% Series 2 Notes due 2023- debt securities received from Zim Integrated Services.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_Zim3PercentSeries1NotesAnd5PercentSeries2NotesDue2023Member" xlink:to="cmre_Zim3PercentSeries1NotesAnd5PercentSeries2NotesDue2023Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CostamareShippingMember" xlink:label="cmre_CostamareShippingMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_CostamareShippingMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costamare Shipping [Member]</link:label>
    <link:label xlink:label="cmre_CostamareShippingMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Costamare Shipping Company S.A. (&#8220;Costamare Shipping&#8221;).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CostamareShippingMember" xlink:to="cmre_CostamareShippingMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CostamareServicesMember" xlink:label="cmre_CostamareServicesMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_CostamareServicesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costamare Services [Member]</link:label>
    <link:label xlink:label="cmre_CostamareServicesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Costamare Shipping Services Ltd. (&#8220;Costamare Services&#8221;).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CostamareServicesMember" xlink:to="cmre_CostamareServicesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RelatedPartyTransactionPercentageMarkUp" xlink:label="cmre_RelatedPartyTransactionPercentageMarkUp" xlink:type="locator"/>
    <link:label xlink:label="cmre_RelatedPartyTransactionPercentageMarkUp-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_RelatedPartyTransactionPercentageMarkUp</link:label>
    <link:label xlink:label="cmre_RelatedPartyTransactionPercentageMarkUp-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party Transaction, Percentage Mark Up</link:label>
    <link:label xlink:label="cmre_RelatedPartyTransactionPercentageMarkUp-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of mark up on related party transaction.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RelatedPartyTransactionPercentageMarkUp" xlink:to="cmre_RelatedPartyTransactionPercentageMarkUp-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LocalAgenciesMember" xlink:label="cmre_LocalAgenciesMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LocalAgenciesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Agencies [Member]</link:label>
    <link:label xlink:label="cmre_LocalAgenciesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the local agencies.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LocalAgenciesMember" xlink:to="cmre_LocalAgenciesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RefinanceTermLoanForReddickShippingAndVerandiShippingMember" xlink:label="cmre_RefinanceTermLoanForReddickShippingAndVerandiShippingMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_RefinanceTermLoanForReddickShippingAndVerandiShippingMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Refinance Term Loan for Reddick Shipping and Verandi Shipping [Member]</link:label>
    <link:label xlink:label="cmre_RefinanceTermLoanForReddickShippingAndVerandiShippingMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Refinance Term Loan for Reddick Shipping and Verandi Shipping.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RefinanceTermLoanForReddickShippingAndVerandiShippingMember" xlink:to="cmre_RefinanceTermLoanForReddickShippingAndVerandiShippingMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BunkerSwapAgreementsMember" xlink:label="cmre_BunkerSwapAgreementsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_BunkerSwapAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bunker Swap Agreements [Member]</link:label>
    <link:label xlink:label="cmre_BunkerSwapAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to bunker swap agreements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BunkerSwapAgreementsMember" xlink:to="cmre_BunkerSwapAgreementsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RefinanceTermLoanForGrenetaMarineCorpMerleMarineCorpAndGassinMarineCorpMember" xlink:label="cmre_RefinanceTermLoanForGrenetaMarineCorpMerleMarineCorpAndGassinMarineCorpMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_RefinanceTermLoanForGrenetaMarineCorpMerleMarineCorpAndGassinMarineCorpMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Refinance Term Loan for Greneta Marine Corp, Merle Marine Corp and Gassin Marine Corp [Member]</link:label>
    <link:label xlink:label="cmre_RefinanceTermLoanForGrenetaMarineCorpMerleMarineCorpAndGassinMarineCorpMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Refinance Term Loan for Greneta Marine Corp, Merle Marine Corp and Gassin Marine Corp.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RefinanceTermLoanForGrenetaMarineCorpMerleMarineCorpAndGassinMarineCorpMember" xlink:to="cmre_RefinanceTermLoanForGrenetaMarineCorpMerleMarineCorpAndGassinMarineCorpMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RefinanceTermLoanForQuentinShippingAndSanderShippingMember" xlink:label="cmre_RefinanceTermLoanForQuentinShippingAndSanderShippingMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_RefinanceTermLoanForQuentinShippingAndSanderShippingMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Refinance Term Loan for Quentin Shipping and Sander Shipping [Member]</link:label>
    <link:label xlink:label="cmre_RefinanceTermLoanForQuentinShippingAndSanderShippingMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Refinance Term Loan for Quentin Shipping and Sander Shipping.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RefinanceTermLoanForQuentinShippingAndSanderShippingMember" xlink:to="cmre_RefinanceTermLoanForQuentinShippingAndSanderShippingMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AmortizationOfTimeCharterAssumedLiability" xlink:label="cmre_AmortizationOfTimeCharterAssumedLiability" xlink:type="locator"/>
    <link:label xlink:label="cmre_AmortizationOfTimeCharterAssumedLiability-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AmortizationOfTimeCharterAssumedLiability</link:label>
    <link:label xlink:label="cmre_AmortizationOfTimeCharterAssumedLiability-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of Time Charter Assumed, Liability</link:label>
    <link:label xlink:label="cmre_AmortizationOfTimeCharterAssumedLiability-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amortization of the time charter assumed, liability.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AmortizationOfTimeCharterAssumedLiability" xlink:to="cmre_AmortizationOfTimeCharterAssumedLiability-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_IntersegmentVoyageExpenses" xlink:label="cmre_IntersegmentVoyageExpenses" xlink:type="locator"/>
    <link:label xlink:label="cmre_IntersegmentVoyageExpenses-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_IntersegmentVoyageExpenses</link:label>
    <link:label xlink:label="cmre_IntersegmentVoyageExpenses-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Intersegment voyage expenses</link:label>
    <link:label xlink:label="cmre_IntersegmentVoyageExpenses-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of intersegment voyage expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_IntersegmentVoyageExpenses" xlink:to="cmre_IntersegmentVoyageExpenses-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AmortizationOfAssumedTimeCharterAsset" xlink:label="cmre_AmortizationOfAssumedTimeCharterAsset" xlink:type="locator"/>
    <link:label xlink:label="cmre_AmortizationOfAssumedTimeCharterAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AmortizationOfAssumedTimeCharterAsset</link:label>
    <link:label xlink:label="cmre_AmortizationOfAssumedTimeCharterAsset-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of Assumed Time Charter, Asset</link:label>
    <link:label xlink:label="cmre_AmortizationOfAssumedTimeCharterAsset-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of amortization of the time charter assumed, asset.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AmortizationOfAssumedTimeCharterAsset" xlink:to="cmre_AmortizationOfAssumedTimeCharterAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ForwardFreightAgreementsMember" xlink:label="cmre_ForwardFreightAgreementsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ForwardFreightAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward Freight Agreements [Member]</link:label>
    <link:label xlink:label="cmre_ForwardFreightAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to forward freight agreements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ForwardFreightAgreementsMember" xlink:to="cmre_ForwardFreightAgreementsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ThunderMessiniSealandMichiganSealandIllinoisAndYorkMember" xlink:label="cmre_ThunderMessiniSealandMichiganSealandIllinoisAndYorkMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ThunderMessiniSealandMichiganSealandIllinoisAndYorkMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Thunder, Messini, Sealand Michigan, Sealand Illinois and York [Member]</link:label>
    <link:label xlink:label="cmre_ThunderMessiniSealandMichiganSealandIllinoisAndYorkMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Thunder, Messini, Sealand Michigan, Sealand Illinois and York.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ThunderMessiniSealandMichiganSealandIllinoisAndYorkMember" xlink:to="cmre_ThunderMessiniSealandMichiganSealandIllinoisAndYorkMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_EstimatedScrapRatePerLightweightTon" xlink:label="cmre_EstimatedScrapRatePerLightweightTon" xlink:type="locator"/>
    <link:label xlink:label="cmre_EstimatedScrapRatePerLightweightTon-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_EstimatedScrapRatePerLightweightTon</link:label>
    <link:label xlink:label="cmre_EstimatedScrapRatePerLightweightTon-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Estimated Scrap Rate Per Lightweight Ton</link:label>
    <link:label xlink:label="cmre_EstimatedScrapRatePerLightweightTon-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the scrap rate (per lightwieght ton) used for the calculation of vessels' residual value.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_EstimatedScrapRatePerLightweightTon" xlink:to="cmre_EstimatedScrapRatePerLightweightTon-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SecuredFloatingInterestRateLoanAgreementWithThirteenCompaniesMember" xlink:label="cmre_SecuredFloatingInterestRateLoanAgreementWithThirteenCompaniesMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_SecuredFloatingInterestRateLoanAgreementWithThirteenCompaniesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Secured Floating Interest Rate Loan Agreement With Thirteen Companies [Member]</link:label>
    <link:label xlink:label="cmre_SecuredFloatingInterestRateLoanAgreementWithThirteenCompaniesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Secured Floating Interest Rate Loan Agreement With 13 Companies.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SecuredFloatingInterestRateLoanAgreementWithThirteenCompaniesMember" xlink:to="cmre_SecuredFloatingInterestRateLoanAgreementWithThirteenCompaniesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RefinanceTermLoanForTenCompaniesMember" xlink:label="cmre_RefinanceTermLoanForTenCompaniesMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_RefinanceTermLoanForTenCompaniesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Refinance Term Loan for Ten Companies [Member]</link:label>
    <link:label xlink:label="cmre_RefinanceTermLoanForTenCompaniesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Refinance Term Loan for Ten Companies.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RefinanceTermLoanForTenCompaniesMember" xlink:to="cmre_RefinanceTermLoanForTenCompaniesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_Note11a19Member" xlink:label="cmre_Note11a19Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_Note11a19Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 11.A.19 [Member]</link:label>
    <link:label xlink:label="cmre_Note11a19Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to debt.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_Note11a19Member" xlink:to="cmre_Note11a19Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_Note11BMember" xlink:label="cmre_Note11BMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_Note11BMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Note 11.B [Member]</link:label>
    <link:label xlink:label="cmre_Note11BMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to debt.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_Note11BMember" xlink:to="cmre_Note11BMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AdstoneMarineCorpEtAlMember" xlink:label="cmre_AdstoneMarineCorpEtAlMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_AdstoneMarineCorpEtAlMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adstone Marine Corp. et al [Member]</link:label>
    <link:label xlink:label="cmre_AdstoneMarineCorpEtAlMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Relating to Adstone Marine Corp. et al.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AdstoneMarineCorpEtAlMember" xlink:to="cmre_AdstoneMarineCorpEtAlMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_OperatingExpensesIncreaseRate" xlink:label="cmre_OperatingExpensesIncreaseRate" xlink:type="locator"/>
    <link:label xlink:label="cmre_OperatingExpensesIncreaseRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_OperatingExpensesIncreaseRate</link:label>
    <link:label xlink:label="cmre_OperatingExpensesIncreaseRate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Operating Expenses Increase Rate</link:label>
    <link:label xlink:label="cmre_OperatingExpensesIncreaseRate-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the operating expenses increase rate used in the calculation of outflows in the undiscounted projected net operating cash flows for each of the Company's vessels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_OperatingExpensesIncreaseRate" xlink:to="cmre_OperatingExpensesIncreaseRate-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DerivativePremiumPaid" xlink:label="cmre_DerivativePremiumPaid" xlink:type="locator"/>
    <link:label xlink:label="cmre_DerivativePremiumPaid-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DerivativePremiumPaid</link:label>
    <link:label xlink:label="cmre_DerivativePremiumPaid-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative, Premium Paid</link:label>
    <link:label xlink:label="cmre_DerivativePremiumPaid-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of premiums paid on derivatives.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DerivativePremiumPaid" xlink:to="cmre_DerivativePremiumPaid-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InterestRateCapThreemonthLiborOrSofrExceeds300Member" xlink:label="cmre_InterestRateCapThreemonthLiborOrSofrExceeds300Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_InterestRateCapThreemonthLiborOrSofrExceeds300Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Cap Three-month LIBOR or SOFR Exceeds 3.00% [Member]</link:label>
    <link:label xlink:label="cmre_InterestRateCapThreemonthLiborOrSofrExceeds300Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents interest rate cap three-month LIBOR or SOFR exceeds 3.00%.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InterestRateCapThreemonthLiborOrSofrExceeds300Member" xlink:to="cmre_InterestRateCapThreemonthLiborOrSofrExceeds300Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FinanceLeaseLiabilityCurrentExcludingLiabilitiesToBeSettledThroughTermLoanProceeds" xlink:label="cmre_FinanceLeaseLiabilityCurrentExcludingLiabilitiesToBeSettledThroughTermLoanProceeds" xlink:type="locator"/>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityCurrentExcludingLiabilitiesToBeSettledThroughTermLoanProceeds-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance lease liabilities, net (Note 12)</link:label>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityCurrentExcludingLiabilitiesToBeSettledThroughTermLoanProceeds-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Present value of lessee's discounted obligation for lease payments from finance lease, classified as current, excluding finance lease liabilities to be settled through term-loan proceeds included in current restricted cash, net.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FinanceLeaseLiabilityCurrentExcludingLiabilitiesToBeSettledThroughTermLoanProceeds" xlink:to="cmre_FinanceLeaseLiabilityCurrentExcludingLiabilitiesToBeSettledThroughTermLoanProceeds-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_GrenetaMarineCorpEtAlMember" xlink:label="cmre_GrenetaMarineCorpEtAlMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_GrenetaMarineCorpEtAlMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Greneta Marine Corp. et al [Member]</link:label>
    <link:label xlink:label="cmre_GrenetaMarineCorpEtAlMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Relating to Greneta Marine Corp. et al.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_GrenetaMarineCorpEtAlMember" xlink:to="cmre_GrenetaMarineCorpEtAlMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BastianShippingCoEtAlMember" xlink:label="cmre_BastianShippingCoEtAlMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_BastianShippingCoEtAlMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bastian Shipping Co. et al [Member]</link:label>
    <link:label xlink:label="cmre_BastianShippingCoEtAlMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Relating to Bastian Shipping Co. et al.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BastianShippingCoEtAlMember" xlink:to="cmre_BastianShippingCoEtAlMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_QuentinShippingCoAndSanderShippingCo2Member" xlink:label="cmre_QuentinShippingCoAndSanderShippingCo2Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_QuentinShippingCoAndSanderShippingCo2Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Quentin Shipping Co. and Sander Shipping Co. 2 [Member]</link:label>
    <link:label xlink:label="cmre_QuentinShippingCoAndSanderShippingCo2Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Relating to the second set of loans to Quentin Shipping Co. and Sanders Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_QuentinShippingCoAndSanderShippingCo2Member" xlink:to="cmre_QuentinShippingCoAndSanderShippingCo2Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CostamareBulkersHoldingsLimitedCbhlMember" xlink:label="cmre_CostamareBulkersHoldingsLimitedCbhlMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_CostamareBulkersHoldingsLimitedCbhlMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costamare Bulkers Holdings Limited (CBHL) [Member]</link:label>
    <link:label xlink:label="cmre_CostamareBulkersHoldingsLimitedCbhlMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Relating to Costamare Bulkers Holdings Limited (CBHL).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CostamareBulkersHoldingsLimitedCbhlMember" xlink:to="cmre_CostamareBulkersHoldingsLimitedCbhlMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FiniteLivedIntangibleAssetsNet" xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_FiniteLivedIntangibleAssetsNet</link:label>
    <link:label xlink:label="us-gaap_FiniteLivedIntangibleAssetsNet-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finite-Lived Intangible Assets, Net, Ending Balance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FiniteLivedIntangibleAssetsNet" xlink:to="us-gaap_FiniteLivedIntangibleAssetsNet-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SecondQuarterOf2022Member" xlink:label="cmre_SecondQuarterOf2022Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_SecondQuarterOf2022Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Second Quarter of 2022 [Member]</link:label>
    <link:label xlink:label="cmre_SecondQuarterOf2022Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the second quarter of 2022.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SecondQuarterOf2022Member" xlink:to="cmre_SecondQuarterOf2022Member-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IntangibleAssetsNetExcludingGoodwill-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time charter assumed, non-current (Note 13)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsNetExcludingGoodwill" xlink:to="us-gaap_IntangibleAssetsNetExcludingGoodwill-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_OtherInvestorsMember" xlink:label="cmre_OtherInvestorsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_OtherInvestorsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Investors [Member]</link:label>
    <link:label xlink:label="cmre_OtherInvestorsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Relating to other investors.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_OtherInvestorsMember" xlink:to="cmre_OtherInvestorsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ForwardFreightAgreementsFfasMember" xlink:label="cmre_ForwardFreightAgreementsFfasMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ForwardFreightAgreementsFfasMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward Freight Agreements (&#8220;FFAs&#8221;) [Member]</link:label>
    <link:label xlink:label="cmre_ForwardFreightAgreementsFfasMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Forward Freight Agreements (&#8220;FFAs&#8221;).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ForwardFreightAgreementsFfasMember" xlink:to="cmre_ForwardFreightAgreementsFfasMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfVesselsCompletedDdDuringPeriod" xlink:label="cmre_NumberOfVesselsCompletedDdDuringPeriod" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfVesselsCompletedDdDuringPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfVesselsCompletedDdDuringPeriod</link:label>
    <link:label xlink:label="cmre_NumberOfVesselsCompletedDdDuringPeriod-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Vessels Completed DD During Period</link:label>
    <link:label xlink:label="cmre_NumberOfVesselsCompletedDdDuringPeriod-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of vessels completed dry-docking (DD) during the reporting period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfVesselsCompletedDdDuringPeriod" xlink:to="cmre_NumberOfVesselsCompletedDdDuringPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ForwardFreightAgreementsFfasAndBunkerSwapAgreementsMember" xlink:label="cmre_ForwardFreightAgreementsFfasAndBunkerSwapAgreementsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ForwardFreightAgreementsFfasAndBunkerSwapAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Forward Freight Agreements (&#8220;FFAs&#8221;) and Bunker Swap Agreements [Member]</link:label>
    <link:label xlink:label="cmre_ForwardFreightAgreementsFfasAndBunkerSwapAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Forward Freight Agreements (&#8220;FFAs&#8221;) and Bunker swap agreements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ForwardFreightAgreementsFfasAndBunkerSwapAgreementsMember" xlink:to="cmre_ForwardFreightAgreementsFfasAndBunkerSwapAgreementsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SaleLeasebackTransactionsRegardingVesselsMSCAthensAndMSCAthosMember" xlink:label="cmre_SaleLeasebackTransactionsRegardingVesselsMSCAthensAndMSCAthosMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_SaleLeasebackTransactionsRegardingVesselsMSCAthensAndMSCAthosMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transactions Regarding Vessels MSC Athens and MSC Athos [Member]</link:label>
    <link:label xlink:label="cmre_SaleLeasebackTransactionsRegardingVesselsMSCAthensAndMSCAthosMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to sale leaseback transactions regarding vessels MSC Athens and MSC Athos.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SaleLeasebackTransactionsRegardingVesselsMSCAthensAndMSCAthosMember" xlink:to="cmre_SaleLeasebackTransactionsRegardingVesselsMSCAthensAndMSCAthosMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NetIncomeLossAttributableToNoncontrollingInterest</link:label>
    <link:label xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Net loss attributable to the non-controlling interest (Note 15)</link:label>
    <link:label xlink:label="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Net loss attributable to non-controlling interest</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest" xlink:to="us-gaap_NetIncomeLossAttributableToNoncontrollingInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfContainerVesselsNotSecuredEmployement" xlink:label="cmre_NumberOfContainerVesselsNotSecuredEmployement" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfContainerVesselsNotSecuredEmployement-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfContainerVesselsNotSecuredEmployement</link:label>
    <link:label xlink:label="cmre_NumberOfContainerVesselsNotSecuredEmployement-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Container Vessels Not Secured Employement</link:label>
    <link:label xlink:label="cmre_NumberOfContainerVesselsNotSecuredEmployement-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of container vessels that does not have secured employment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfContainerVesselsNotSecuredEmployement" xlink:to="cmre_NumberOfContainerVesselsNotSecuredEmployement-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CostamareInc5Member" xlink:label="cmre_CostamareInc5Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_CostamareInc5Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costamare Inc. 5 [Member]</link:label>
    <link:label xlink:label="cmre_CostamareInc5Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to a fifth Costamare loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CostamareInc5Member" xlink:to="cmre_CostamareInc5Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ReddickShippingCoAndVerandiShippingCoThirdLoanMember" xlink:label="cmre_ReddickShippingCoAndVerandiShippingCoThirdLoanMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ReddickShippingCoAndVerandiShippingCoThirdLoanMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reddick Shipping Co. and Verandi Shipping Co. Third Loan [Member]</link:label>
    <link:label xlink:label="cmre_ReddickShippingCoAndVerandiShippingCoThirdLoanMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the third loan for Reddick Shipping Co. and Verandi Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ReddickShippingCoAndVerandiShippingCoThirdLoanMember" xlink:to="cmre_ReddickShippingCoAndVerandiShippingCoThirdLoanMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CostamareInc4Member" xlink:label="cmre_CostamareInc4Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_CostamareInc4Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costamare Inc. 4 [Member]</link:label>
    <link:label xlink:label="cmre_CostamareInc4Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to a fourth Costamare loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CostamareInc4Member" xlink:to="cmre_CostamareInc4Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_July152022ToOctober142022DividendsMember" xlink:label="cmre_July152022ToOctober142022DividendsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_July152022ToOctober142022DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">July 15, 2022 to October 14, 2022 Dividends [Member]</link:label>
    <link:label xlink:label="cmre_July152022ToOctober142022DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents July 15, 2022 to October 14, 2022 dividends.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_July152022ToOctober142022DividendsMember" xlink:to="cmre_July152022ToOctober142022DividendsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ThirdQuarterOf2022Member" xlink:label="cmre_ThirdQuarterOf2022Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_ThirdQuarterOf2022Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Third Quarter of 2022 [Member]</link:label>
    <link:label xlink:label="cmre_ThirdQuarterOf2022Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the third quarter of 2022.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ThirdQuarterOf2022Member" xlink:to="cmre_ThirdQuarterOf2022Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_April152022ToJuly142022DividendsMember" xlink:label="cmre_April152022ToJuly142022DividendsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_April152022ToJuly142022DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">April 15, 2022 to July 14, 2022 Dividends [Member]</link:label>
    <link:label xlink:label="cmre_April152022ToJuly142022DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents April 15, 2022 to July 14, 2022 dividends.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_April152022ToJuly142022DividendsMember" xlink:to="cmre_April152022ToJuly142022DividendsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest" xlink:label="us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net loss attributable to non-controlling interest</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest" xlink:to="us-gaap_NetIncomeLossAttributableToRedeemableNoncontrollingInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ForeignExchangeGainsLossesInOperatingIncomeLoss" xlink:label="cmre_ForeignExchangeGainsLossesInOperatingIncomeLoss" xlink:type="locator"/>
    <link:label xlink:label="cmre_ForeignExchangeGainsLossesInOperatingIncomeLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign exchange gains / (losses)</link:label>
    <link:label xlink:label="cmre_ForeignExchangeGainsLossesInOperatingIncomeLoss-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of foreign exchange gains (losses) included in operating income (loss) during the period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ForeignExchangeGainsLossesInOperatingIncomeLoss" xlink:to="cmre_ForeignExchangeGainsLossesInOperatingIncomeLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TermLoanAndOtherFinancingArrangementsMember" xlink:label="cmre_TermLoanAndOtherFinancingArrangementsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_TermLoanAndOtherFinancingArrangementsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Term Loan and Other Financing Arrangements [Member]</link:label>
    <link:label xlink:label="cmre_TermLoanAndOtherFinancingArrangementsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Term loans and other financing arrangements classified as long term debt.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TermLoanAndOtherFinancingArrangementsMember" xlink:to="cmre_TermLoanAndOtherFinancingArrangementsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NeridaShippingCompanyTermLoanMember" xlink:label="cmre_NeridaShippingCompanyTermLoanMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_NeridaShippingCompanyTermLoanMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Nerida Shipping Company Term Loan [Member]</link:label>
    <link:label xlink:label="cmre_NeridaShippingCompanyTermLoanMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information about term loan issued by Nerida Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NeridaShippingCompanyTermLoanMember" xlink:to="cmre_NeridaShippingCompanyTermLoanMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest</link:label>
    <link:label xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Comprehensive loss attributable to the non-controlling interest (Note 15)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Commitments and Contingencies Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock" xlink:to="us-gaap_CommitmentsAndContingenciesDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning Balance, Accumulated Depreciation</link:label>
    <link:label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="resource" xml:lang="en-US">Ending Balance, Accumulated Depreciation</link:label>
    <link:label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DueFromRelatedParties" xlink:label="us-gaap_DueFromRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DueFromRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DueFromRelatedParties</link:label>
    <link:label xlink:label="us-gaap_DueFromRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due from Related Parties, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromRelatedParties" xlink:to="us-gaap_DueFromRelatedParties-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PropertyPlantAndEquipmentNetAbstract" xlink:label="us-gaap_PropertyPlantAndEquipmentNetAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentNetAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">FIXED ASSETS, NET:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentNetAbstract" xlink:to="us-gaap_PropertyPlantAndEquipmentNetAbstract-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_ProfitLoss-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net Income/ (Loss) for the Year</link:label>
    <link:label xlink:label="us-gaap_ProfitLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net income for the year</link:label>
    <link:label xlink:label="us-gaap_ProfitLoss-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net income</link:label>
    <link:label xlink:label="us-gaap_ProfitLoss-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProfitLoss" xlink:to="us-gaap_ProfitLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest</link:label>
    <link:label xlink:label="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income for the year</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest" xlink:to="us-gaap_ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CrossCurrencyInterestRateContractMember" xlink:label="us-gaap_CrossCurrencyInterestRateContractMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CrossCurrencyInterestRateContractMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cross Currency Interest Rate Contract [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CrossCurrencyInterestRateContractMember" xlink:to="us-gaap_CrossCurrencyInterestRateContractMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue" xlink:label="us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue</link:label>
    <link:label xlink:label="us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue" xlink:to="us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue" xlink:label="us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue</link:label>
    <link:label xlink:label="us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue" xlink:to="us-gaap_ForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeInstrumentRiskAxis" xlink:label="us-gaap_DerivativeInstrumentRiskAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeInstrumentRiskAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Instrument [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentRiskAxis" xlink:to="us-gaap_DerivativeInstrumentRiskAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeContractTypeDomain" xlink:label="us-gaap_DerivativeContractTypeDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeContractTypeDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Contract [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeContractTypeDomain" xlink:to="us-gaap_DerivativeContractTypeDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_HeldToMaturitySecurities" xlink:label="us-gaap_HeldToMaturitySecurities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_HeldToMaturitySecurities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_HeldToMaturitySecurities</link:label>
    <link:label xlink:label="us-gaap_HeldToMaturitySecurities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Securities, Held-to-maturity, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HeldToMaturitySecurities" xlink:to="us-gaap_HeldToMaturitySecurities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquitySecuritiesFvNi" xlink:label="us-gaap_EquitySecuritiesFvNi" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquitySecuritiesFvNi-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_EquitySecuritiesFvNi</link:label>
    <link:label xlink:label="us-gaap_EquitySecuritiesFvNi-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Securities, FV-NI</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesFvNi" xlink:to="us-gaap_EquitySecuritiesFvNi-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet" xlink:label="us-gaap_ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet</link:label>
    <link:label xlink:label="us-gaap_ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign Currency Fair Value Hedge Derivative at Fair Value, Net, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet" xlink:to="us-gaap_ForeignCurrencyFairValueHedgeDerivativeAtFairValueNet-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_GainLossOnForeignCurrencyFairValueHedgeDerivatives" xlink:label="us-gaap_GainLossOnForeignCurrencyFairValueHedgeDerivatives" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_GainLossOnForeignCurrencyFairValueHedgeDerivatives-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_GainLossOnForeignCurrencyFairValueHedgeDerivatives</link:label>
    <link:label xlink:label="us-gaap_GainLossOnForeignCurrencyFairValueHedgeDerivatives-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Foreign Currency Fair Value Hedge Derivatives</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnForeignCurrencyFairValueHedgeDerivatives" xlink:to="us-gaap_GainLossOnForeignCurrencyFairValueHedgeDerivatives-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeLossFromEquityMethodInvestments" xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Income from equity method investments</link:label>
    <link:label xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income from equity method investments (Note 10)</link:label>
    <link:label xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Income (Loss) from Equity Method Investments</link:label>
    <link:label xlink:label="us-gaap_IncomeLossFromEquityMethodInvestments-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Income from equity method investments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeLossFromEquityMethodInvestments" xlink:to="us-gaap_IncomeLossFromEquityMethodInvestments-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ForeignCurrencyFairValueHedgeAssetAtFairValue" xlink:label="us-gaap_ForeignCurrencyFairValueHedgeAssetAtFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ForeignCurrencyFairValueHedgeAssetAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ForeignCurrencyFairValueHedgeAssetAtFairValue</link:label>
    <link:label xlink:label="us-gaap_ForeignCurrencyFairValueHedgeAssetAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign Currency Fair Value Hedge Asset at Fair Value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyFairValueHedgeAssetAtFairValue" xlink:to="us-gaap_ForeignCurrencyFairValueHedgeAssetAtFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ForeignCurrencyFairValueHedgeLiabilityAtFairValue" xlink:label="us-gaap_ForeignCurrencyFairValueHedgeLiabilityAtFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ForeignCurrencyFairValueHedgeLiabilityAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ForeignCurrencyFairValueHedgeLiabilityAtFairValue</link:label>
    <link:label xlink:label="us-gaap_ForeignCurrencyFairValueHedgeLiabilityAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Foreign Currency Fair Value Hedge Liability at Fair Value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyFairValueHedgeLiabilityAtFairValue" xlink:to="us-gaap_ForeignCurrencyFairValueHedgeLiabilityAtFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquityMethodInvestments" xlink:label="us-gaap_EquityMethodInvestments" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity method investments (Note 10)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestments" xlink:to="us-gaap_EquityMethodInvestments-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LoansPayableMember" xlink:label="us-gaap_LoansPayableMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LoansPayableMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loans Payable [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LoansPayableMember" xlink:to="us-gaap_LoansPayableMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:label="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_GainLossOnDerivativeInstrumentsNetPretax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_GainLossOnDerivativeInstrumentsNetPretax</link:label>
    <link:label xlink:label="us-gaap_GainLossOnDerivativeInstrumentsNetPretax-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">(Gain) / loss on derivative instruments, net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnDerivativeInstrumentsNetPretax" xlink:to="us-gaap_GainLossOnDerivativeInstrumentsNetPretax-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_MajorCustomerEMember" xlink:label="cmre_MajorCustomerEMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_MajorCustomerEMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Customer E [Member]</link:label>
    <link:label xlink:label="cmre_MajorCustomerEMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents customer D, a major customer of the company.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_MajorCustomerEMember" xlink:to="cmre_MajorCustomerEMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RestrictedCashAndCashEquivalentsNoncurrent" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash &#8211; non-current portion</link:label>
    <link:label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Restricted cash, non-current (Note 2(e))</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent" xlink:to="us-gaap_RestrictedCashAndCashEquivalentsNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VirgoMember" xlink:label="cmre_VirgoMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_VirgoMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Virgo [Member]</link:label>
    <link:label xlink:label="cmre_VirgoMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Virgo.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VirgoMember" xlink:to="cmre_VirgoMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_GeneralAndAdministrativeExpense" xlink:label="us-gaap_GeneralAndAdministrativeExpense" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_GeneralAndAdministrativeExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_GeneralAndAdministrativeExpense</link:label>
    <link:label xlink:label="us-gaap_GeneralAndAdministrativeExpense-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">General and administrative expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpense" xlink:to="us-gaap_GeneralAndAdministrativeExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash &#8211; current portion</link:label>
    <link:label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue</link:label>
    <link:label xlink:label="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Restricted cash (Note 2(e))</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_RestrictedCashAndCashEquivalentsAtCarryingValue-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_YmTriumphYmTruthAndYmTotalityMember" xlink:label="cmre_YmTriumphYmTruthAndYmTotalityMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_YmTriumphYmTruthAndYmTotalityMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">YM Triumph, YM Truth and YM Totality [Member]</link:label>
    <link:label xlink:label="cmre_YmTriumphYmTruthAndYmTotalityMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents YM Triumph, YM Truth and YM Totality.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_YmTriumphYmTruthAndYmTotalityMember" xlink:to="cmre_YmTriumphYmTruthAndYmTotalityMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NumberOfForeignCurrencyDerivativesHeld" xlink:label="us-gaap_NumberOfForeignCurrencyDerivativesHeld" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NumberOfForeignCurrencyDerivativesHeld-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NumberOfForeignCurrencyDerivativesHeld</link:label>
    <link:label xlink:label="us-gaap_NumberOfForeignCurrencyDerivativesHeld-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Foreign Currency Derivatives Held</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfForeignCurrencyDerivativesHeld" xlink:to="us-gaap_NumberOfForeignCurrencyDerivativesHeld-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label xlink:label="us-gaap_CashAndCashEquivalentsAtCarryingValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash and cash equivalents (Note 2(e))</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashAndCashEquivalentsAtCarryingValue" xlink:to="us-gaap_CashAndCashEquivalentsAtCarryingValue-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_JPOScorpiusMember" xlink:label="cmre_JPOScorpiusMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_JPOScorpiusMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">JPO Scorpius [Member]</link:label>
    <link:label xlink:label="cmre_JPOScorpiusMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents JPO Scorpius.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_JPOScorpiusMember" xlink:to="cmre_JPOScorpiusMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NeokastroMember" xlink:label="cmre_NeokastroMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_NeokastroMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Neokastro [Member]</link:label>
    <link:label xlink:label="cmre_NeokastroMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Neokastro.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NeokastroMember" xlink:to="cmre_NeokastroMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VesselsNet" xlink:label="cmre_VesselsNet" xlink:type="locator"/>
    <link:label xlink:label="cmre_VesselsNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_VesselsNet</link:label>
    <link:label xlink:label="cmre_VesselsNet-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning Balance, Net Book Value</link:label>
    <link:label xlink:label="cmre_VesselsNet-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending Balance, Net Book Value</link:label>
    <link:label xlink:label="cmre_VesselsNet-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cost of vessels, including contract price and any material expenses incurred upon acquisition (initial repairs, improvements and delivery expenses, interest and on-site supervision costs incurred during the construction periods), less accumulated depreciation.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VesselsNet" xlink:to="cmre_VesselsNet-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VesselHeldForSale" xlink:label="cmre_VesselHeldForSale" xlink:type="locator"/>
    <link:label xlink:label="cmre_VesselHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessels held for sale (Note 7)</link:label>
    <link:label xlink:label="cmre_VesselHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessel Held For Sale</link:label>
    <link:label xlink:label="cmre_VesselHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to vessels held for sale.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VesselHeldForSale" xlink:to="cmre_VesselHeldForSale-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestRateDerivativeLiabilitiesAtFairValue" xlink:label="us-gaap_InterestRateDerivativeLiabilitiesAtFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestRateDerivativeLiabilitiesAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InterestRateDerivativeLiabilitiesAtFairValue</link:label>
    <link:label xlink:label="us-gaap_InterestRateDerivativeLiabilitiesAtFairValue-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest rate -liability position</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateDerivativeLiabilitiesAtFairValue" xlink:to="us-gaap_InterestRateDerivativeLiabilitiesAtFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestRateDerivativesAtFairValueNet" xlink:label="us-gaap_InterestRateDerivativesAtFairValueNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestRateDerivativesAtFairValueNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of derivatives, non-current (Notes 20 and 21)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateDerivativesAtFairValueNet" xlink:to="us-gaap_InterestRateDerivativesAtFairValueNet-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VoyageExpenses" xlink:label="cmre_VoyageExpenses" xlink:type="locator"/>
    <link:label xlink:label="cmre_VoyageExpenses-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_VoyageExpenses</link:label>
    <link:label xlink:label="cmre_VoyageExpenses-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Voyage expenses</link:label>
    <link:label xlink:label="cmre_VoyageExpenses-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Voyage expenses</link:label>
    <link:label xlink:label="cmre_VoyageExpenses-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expenses paid to third parties primarily consisting of port, canal and bunker expenses, commissions that are unique to a particular charter and are paid for by the charterer under time charter arrangements or by the company under voyage charter arrangements, and commissions that are paid directly to brokers by the company.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VoyageExpenses" xlink:to="cmre_VoyageExpenses-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ManagementFeesRelatedParties" xlink:label="cmre_ManagementFeesRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="cmre_ManagementFeesRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_ManagementFeesRelatedParties</link:label>
    <link:label xlink:label="cmre_ManagementFeesRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Management Fees Related Parties</link:label>
    <link:label xlink:label="cmre_ManagementFeesRelatedParties-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Management and agency fees-related parties (Note 3)</link:label>
    <link:label xlink:label="cmre_ManagementFeesRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Fees paid to related parties for providing the company with technical, crewing, bunkering, accounting, provisions, sale, purchase services, as well as general administrative, certain commercial services, director and officer related insurance services.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ManagementFeesRelatedParties" xlink:to="cmre_ManagementFeesRelatedParties-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAgreedToAcquire" xlink:label="cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAgreedToAcquire" xlink:type="locator"/>
    <link:label xlink:label="cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAgreedToAcquire-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAgreedToAcquire</link:label>
    <link:label xlink:label="cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAgreedToAcquire-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Twenty-foot Equivalent Units Measured on Each Vessel Agreed to Acquire</link:label>
    <link:label xlink:label="cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAgreedToAcquire-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the carrying capacity of vessels in TEUs (twenty-foot equivalet units) measured on each vessel agreed to acquire.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAgreedToAcquire" xlink:to="cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAgreedToAcquire-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AmortizationDeferredDrydockingSpecialSurvey" xlink:label="cmre_AmortizationDeferredDrydockingSpecialSurvey" xlink:type="locator"/>
    <link:label xlink:label="cmre_AmortizationDeferredDrydockingSpecialSurvey-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AmortizationDeferredDrydockingSpecialSurvey</link:label>
    <link:label xlink:label="cmre_AmortizationDeferredDrydockingSpecialSurvey-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Amortization of dry-docking and special survey costs (Note 8)</link:label>
    <link:label xlink:label="cmre_AmortizationDeferredDrydockingSpecialSurvey-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of deferred dry-docking and special survey costs</link:label>
    <link:label xlink:label="cmre_AmortizationDeferredDrydockingSpecialSurvey-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Amortization of dry-docking and special survey costs</link:label>
    <link:label xlink:label="cmre_AmortizationDeferredDrydockingSpecialSurvey-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amortization of deferred drydocking and special survey costs.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AmortizationDeferredDrydockingSpecialSurvey" xlink:to="cmre_AmortizationDeferredDrydockingSpecialSurvey-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VoyageExpensesRelatedParties" xlink:label="cmre_VoyageExpensesRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="cmre_VoyageExpensesRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_VoyageExpensesRelatedParties</link:label>
    <link:label xlink:label="cmre_VoyageExpensesRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Voyage Expenses Related Parties</link:label>
    <link:label xlink:label="cmre_VoyageExpensesRelatedParties-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Voyage expenses-related parties (Note 3)</link:label>
    <link:label xlink:label="cmre_VoyageExpensesRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expenses paid to related parties primarily consisting of commissions and fees, which are paid for by the company, regardless of the charter type.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VoyageExpensesRelatedParties" xlink:to="cmre_VoyageExpensesRelatedParties-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_GeneralAdministrativeExpensesRelatedParties" xlink:label="cmre_GeneralAdministrativeExpensesRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="cmre_GeneralAdministrativeExpensesRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_GeneralAdministrativeExpensesRelatedParties</link:label>
    <link:label xlink:label="cmre_GeneralAdministrativeExpensesRelatedParties-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">General and administrative expenses &#8211; related parties (Note 3)</link:label>
    <link:label xlink:label="cmre_GeneralAdministrativeExpensesRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The total of expenses of managing and administering the affairs of an entity paid to related parties, including affiliates of the reporting entity, which are not directly or indirectly associated with vessel operations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_GeneralAdministrativeExpensesRelatedParties" xlink:to="cmre_GeneralAdministrativeExpensesRelatedParties-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestRateDerivativeAssetsAtFairValue" xlink:label="us-gaap_InterestRateDerivativeAssetsAtFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestRateDerivativeAssetsAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest rate -asset position</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateDerivativeAssetsAtFairValue" xlink:to="us-gaap_InterestRateDerivativeAssetsAtFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_GainLossOnAssetsHeldForSale" xlink:label="cmre_GainLossOnAssetsHeldForSale" xlink:type="locator"/>
    <link:label xlink:label="cmre_GainLossOnAssetsHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loss on vessels held for sale (Note 7)</link:label>
    <link:label xlink:label="cmre_GainLossOnAssetsHeldForSale-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Loss on vessels held for sale</link:label>
    <link:label xlink:label="cmre_GainLossOnAssetsHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to the gain (loss) on assets held for sale.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_GainLossOnAssetsHeldForSale" xlink:to="cmre_GainLossOnAssetsHeldForSale-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AmountsReclassifiedFromNetSettlementsOnInterestRateSwapsQualifyingForHedgeAccountingToDepreciation" xlink:label="cmre_AmountsReclassifiedFromNetSettlementsOnInterestRateSwapsQualifyingForHedgeAccountingToDepreciation" xlink:type="locator"/>
    <link:label xlink:label="cmre_AmountsReclassifiedFromNetSettlementsOnInterestRateSwapsQualifyingForHedgeAccountingToDepreciation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AmountsReclassifiedFromNetSettlementsOnInterestRateSwapsQualifyingForHedgeAccountingToDepreciation</link:label>
    <link:label xlink:label="cmre_AmountsReclassifiedFromNetSettlementsOnInterestRateSwapsQualifyingForHedgeAccountingToDepreciation-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amounts Reclassified From Net Settlements on Interest Rate Swaps Qualifying for Hedge Accounting to Depreciation</link:label>
    <link:label xlink:label="cmre_AmountsReclassifiedFromNetSettlementsOnInterestRateSwapsQualifyingForHedgeAccountingToDepreciation-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Amounts reclassified from Net settlements on interest rate swaps qualifying for hedge accounting to Depreciation (Note 22)</link:label>
    <link:label xlink:label="cmre_AmountsReclassifiedFromNetSettlementsOnInterestRateSwapsQualifyingForHedgeAccountingToDepreciation-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Amounts reclassified from Net settlements on interest rate swaps qualifying for hedge accounting to Depreciation</link:label>
    <link:label xlink:label="cmre_AmountsReclassifiedFromNetSettlementsOnInterestRateSwapsQualifyingForHedgeAccountingToDepreciation-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the amounts reclassified from Net settlements on interest rate swaps qualifying for hedge accounting to Depreciation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AmountsReclassifiedFromNetSettlementsOnInterestRateSwapsQualifyingForHedgeAccountingToDepreciation" xlink:to="cmre_AmountsReclassifiedFromNetSettlementsOnInterestRateSwapsQualifyingForHedgeAccountingToDepreciation-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments" xlink:label="us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain / (loss) on derivative instruments, net (Note 20)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments" xlink:to="us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_GainLossOnSaleVessels" xlink:label="cmre_GainLossOnSaleVessels" xlink:type="locator"/>
    <link:label xlink:label="cmre_GainLossOnSaleVessels-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of vessels, net</link:label>
    <link:label xlink:label="cmre_GainLossOnSaleVessels-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain / (loss) on sale of vessels, net (Note 7)</link:label>
    <link:label xlink:label="cmre_GainLossOnSaleVessels-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Gain (Loss) on Sale Vessels</link:label>
    <link:label xlink:label="cmre_GainLossOnSaleVessels-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">(Gain) / loss on sale of vessels, net</link:label>
    <link:label xlink:label="cmre_GainLossOnSaleVessels-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The difference between the sale price or salvage price and the book value of a vessel that was sold during the reporting period. This element refers to the gain (loss).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_GainLossOnSaleVessels" xlink:to="cmre_GainLossOnSaleVessels-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_IncreaseDecreaseInAccruedCharterRevenue" xlink:label="cmre_IncreaseDecreaseInAccruedCharterRevenue" xlink:type="locator"/>
    <link:label xlink:label="cmre_IncreaseDecreaseInAccruedCharterRevenue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_IncreaseDecreaseInAccruedCharterRevenue</link:label>
    <link:label xlink:label="cmre_IncreaseDecreaseInAccruedCharterRevenue-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Accrued charter revenue</link:label>
    <link:label xlink:label="cmre_IncreaseDecreaseInAccruedCharterRevenue-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The increase (decrease) during the reporting period, in revenue earned but not yet received, which were recognized in under the straight-line method in conformity with revenue recognition criteria based on specific contractual terms.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_IncreaseDecreaseInAccruedCharterRevenue" xlink:to="cmre_IncreaseDecreaseInAccruedCharterRevenue-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DrydockingCosts" xlink:label="cmre_DrydockingCosts" xlink:type="locator"/>
    <link:label xlink:label="cmre_DrydockingCosts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DrydockingCosts</link:label>
    <link:label xlink:label="cmre_DrydockingCosts-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dry-dockings</link:label>
    <link:label xlink:label="cmre_DrydockingCosts-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cash paid during the reporting period for vessel drydocking costs.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DrydockingCosts" xlink:to="cmre_DrydockingCosts-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" xlink:type="locator"/>
    <link:label xlink:label="dei_AmendmentFlag-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amendment Flag</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_PaymentsToAcquireVessels" xlink:label="cmre_PaymentsToAcquireVessels" xlink:type="locator"/>
    <link:label xlink:label="cmre_PaymentsToAcquireVessels-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_PaymentsToAcquireVessels</link:label>
    <link:label xlink:label="cmre_PaymentsToAcquireVessels-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Vessel acquisition and advances/Additions to vessel cost</link:label>
    <link:label xlink:label="cmre_PaymentsToAcquireVessels-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash outflow associated with the acquisition of vessel that are used in the normal conduct of business to produce goods and services and not intended for resale and or upgrades of existing vessels to increase their earnings capacity.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_PaymentsToAcquireVessels" xlink:to="cmre_PaymentsToAcquireVessels-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CityAreaCode" xlink:label="dei_CityAreaCode" xlink:type="locator"/>
    <link:label xlink:label="dei_CityAreaCode-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">City Area Code</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CityAreaCode" xlink:to="dei_CityAreaCode-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ProceedsFromSaleVessels" xlink:label="cmre_ProceedsFromSaleVessels" xlink:type="locator"/>
    <link:label xlink:label="cmre_ProceedsFromSaleVessels-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from the sale of vessels, net</link:label>
    <link:label xlink:label="cmre_ProceedsFromSaleVessels-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The cash inflow from the sale of vessels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ProceedsFromSaleVessels" xlink:to="cmre_ProceedsFromSaleVessels-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_UseOfEstimates" xlink:label="us-gaap_UseOfEstimates" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_UseOfEstimates-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Use of Estimates, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UseOfEstimates" xlink:to="us-gaap_UseOfEstimates-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_MajorCustomerCMember" xlink:label="cmre_MajorCustomerCMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_MajorCustomerCMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Customer C [Member]</link:label>
    <link:label xlink:label="cmre_MajorCustomerCMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information pertaining to major customer C.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_MajorCustomerCMember" xlink:to="cmre_MajorCustomerCMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">New Accounting Pronouncements, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock" xlink:to="us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_MajorCustomerDMember" xlink:label="cmre_MajorCustomerDMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_MajorCustomerDMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Customer D [Member]</link:label>
    <link:label xlink:label="cmre_MajorCustomerDMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information pertaining to major customer D.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_MajorCustomerDMember" xlink:to="cmre_MajorCustomerDMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_MajorCustomerAMember" xlink:label="cmre_MajorCustomerAMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_MajorCustomerAMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Customer A [Member]</link:label>
    <link:label xlink:label="cmre_MajorCustomerAMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information pertaining to major customer A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_MajorCustomerAMember" xlink:to="cmre_MajorCustomerAMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_MajorCustomerBMember" xlink:label="cmre_MajorCustomerBMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_MajorCustomerBMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Customer B [Member]</link:label>
    <link:label xlink:label="cmre_MajorCustomerBMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information pertaining to major customer B.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_MajorCustomerBMember" xlink:to="cmre_MajorCustomerBMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_OfficersCompensationChargedPeriodEnd" xlink:label="cmre_OfficersCompensationChargedPeriodEnd" xlink:type="locator"/>
    <link:label xlink:label="cmre_OfficersCompensationChargedPeriodEnd-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_OfficersCompensationChargedPeriodEnd</link:label>
    <link:label xlink:label="cmre_OfficersCompensationChargedPeriodEnd-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Officers Compensation Charged, Period End</link:label>
    <link:label xlink:label="cmre_OfficersCompensationChargedPeriodEnd-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Portion of expenditures for salaries of officers charged at period end. Does not include allocated share-based compensation, pension and post-retirement benefit expense or other labor-related non-salary expense. For commercial and industrial companies, excludes any direct and overhead labor that is included in cost of goods sold.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_OfficersCompensationChargedPeriodEnd" xlink:to="cmre_OfficersCompensationChargedPeriodEnd-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestRateFairValueHedgeAssetAtFairValue" xlink:label="us-gaap_InterestRateFairValueHedgeAssetAtFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestRateFairValueHedgeAssetAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InterestRateFairValueHedgeAssetAtFairValue</link:label>
    <link:label xlink:label="us-gaap_InterestRateFairValueHedgeAssetAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Fair Value Hedge Asset at Fair Value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateFairValueHedgeAssetAtFairValue" xlink:to="us-gaap_InterestRateFairValueHedgeAssetAtFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestRateFairValueHedgeLiabilityAtFairValue" xlink:label="us-gaap_InterestRateFairValueHedgeLiabilityAtFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestRateFairValueHedgeLiabilityAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InterestRateFairValueHedgeLiabilityAtFairValue</link:label>
    <link:label xlink:label="us-gaap_InterestRateFairValueHedgeLiabilityAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Fair Value Hedge Liability at Fair Value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateFairValueHedgeLiabilityAtFairValue" xlink:to="us-gaap_InterestRateFairValueHedgeLiabilityAtFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CostamareShippingCompanySAAndCostamareShippingServicesLTDMember" xlink:label="cmre_CostamareShippingCompanySAAndCostamareShippingServicesLTDMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_CostamareShippingCompanySAAndCostamareShippingServicesLTDMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costamare Shipping Company SA and Costamare Shipping Services Ltd. [Member]</link:label>
    <link:label xlink:label="cmre_CostamareShippingCompanySAAndCostamareShippingServicesLTDMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information pertaining to Costamare Shipping Comany SA and Costamare Shipping Services Ltd.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CostamareShippingCompanySAAndCostamareShippingServicesLTDMember" xlink:to="cmre_CostamareShippingCompanySAAndCostamareShippingServicesLTDMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ManagementFeePerDayPerVesselUnderBareboatCharter" xlink:label="cmre_ManagementFeePerDayPerVesselUnderBareboatCharter" xlink:type="locator"/>
    <link:label xlink:label="cmre_ManagementFeePerDayPerVesselUnderBareboatCharter-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_ManagementFeePerDayPerVesselUnderBareboatCharter</link:label>
    <link:label xlink:label="cmre_ManagementFeePerDayPerVesselUnderBareboatCharter-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Management Fee Per Day, Per Vessel Under Bareboat Charter</link:label>
    <link:label xlink:label="cmre_ManagementFeePerDayPerVesselUnderBareboatCharter-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of management fee per day, per vessel under bareboat charter.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ManagementFeePerDayPerVesselUnderBareboatCharter" xlink:to="cmre_ManagementFeePerDayPerVesselUnderBareboatCharter-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ConstructionSupervisoryFee" xlink:label="cmre_ConstructionSupervisoryFee" xlink:type="locator"/>
    <link:label xlink:label="cmre_ConstructionSupervisoryFee-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_ConstructionSupervisoryFee</link:label>
    <link:label xlink:label="cmre_ConstructionSupervisoryFee-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Construction Supervisory Fee</link:label>
    <link:label xlink:label="cmre_ConstructionSupervisoryFee-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This item represents the commission payable to Managers upfront in lieu of the fixed management fee.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ConstructionSupervisoryFee" xlink:to="cmre_ConstructionSupervisoryFee-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ManagementFeePerDayPerVessel" xlink:label="cmre_ManagementFeePerDayPerVessel" xlink:type="locator"/>
    <link:label xlink:label="cmre_ManagementFeePerDayPerVessel-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_ManagementFeePerDayPerVessel</link:label>
    <link:label xlink:label="cmre_ManagementFeePerDayPerVessel-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Management Fee Per Day, Per Vessel</link:label>
    <link:label xlink:label="cmre_ManagementFeePerDayPerVessel-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of management fee per day per vessel.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ManagementFeePerDayPerVessel" xlink:to="cmre_ManagementFeePerDayPerVessel-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" xlink:type="locator"/>
    <link:label xlink:label="dei_CurrentFiscalYearEndDate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy" xlink:label="us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy" xlink:to="us-gaap_ConsolidationSubsidiariesOrOtherInvestmentsConsolidatedEntitiesPolicy-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestRateCashFlowHedgeAssetAtFairValue" xlink:label="us-gaap_InterestRateCashFlowHedgeAssetAtFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestRateCashFlowHedgeAssetAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InterestRateCashFlowHedgeAssetAtFairValue</link:label>
    <link:label xlink:label="us-gaap_InterestRateCashFlowHedgeAssetAtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Cash Flow Hedge Asset at Fair Value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateCashFlowHedgeAssetAtFairValue" xlink:to="us-gaap_InterestRateCashFlowHedgeAssetAtFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AnnualFeeToRelatedParties" xlink:label="cmre_AnnualFeeToRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="cmre_AnnualFeeToRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AnnualFeeToRelatedParties</link:label>
    <link:label xlink:label="cmre_AnnualFeeToRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual Fee to Related Parties</link:label>
    <link:label xlink:label="cmre_AnnualFeeToRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Annual fee for services provided by Costamare Shipping and/ or Costamare Services as at period end</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AnnualFeeToRelatedParties" xlink:to="cmre_AnnualFeeToRelatedParties-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CommissionChargedOnCharterHireAgreements" xlink:label="cmre_CommissionChargedOnCharterHireAgreements" xlink:type="locator"/>
    <link:label xlink:label="cmre_CommissionChargedOnCharterHireAgreements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_CommissionChargedOnCharterHireAgreements</link:label>
    <link:label xlink:label="cmre_CommissionChargedOnCharterHireAgreements-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Commission Charged on Charter Hire Agreements</link:label>
    <link:label xlink:label="cmre_CommissionChargedOnCharterHireAgreements-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This item represents the commission as a percentage paid to Managers on charter hire agreements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CommissionChargedOnCharterHireAgreements" xlink:to="cmre_CommissionChargedOnCharterHireAgreements-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_WorkingCapitalSecurityPerVessel" xlink:label="cmre_WorkingCapitalSecurityPerVessel" xlink:type="locator"/>
    <link:label xlink:label="cmre_WorkingCapitalSecurityPerVessel-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_WorkingCapitalSecurityPerVessel</link:label>
    <link:label xlink:label="cmre_WorkingCapitalSecurityPerVessel-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Working Capital Security Per Vessel</link:label>
    <link:label xlink:label="cmre_WorkingCapitalSecurityPerVessel-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The per vessel amount hold by a third party manager as working capital security in accordance with the management agreement between the reporting entity and the third party manager.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_WorkingCapitalSecurityPerVessel" xlink:to="cmre_WorkingCapitalSecurityPerVessel-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentFiscalPeriodFocus-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FairValueOfSharesIssuedToManager" xlink:label="cmre_FairValueOfSharesIssuedToManager" xlink:type="locator"/>
    <link:label xlink:label="cmre_FairValueOfSharesIssuedToManager-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_FairValueOfSharesIssuedToManager</link:label>
    <link:label xlink:label="cmre_FairValueOfSharesIssuedToManager-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value of Shares Issued to Manager</link:label>
    <link:label xlink:label="cmre_FairValueOfSharesIssuedToManager-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the fair value of shares issued to managers.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FairValueOfSharesIssuedToManager" xlink:to="cmre_FairValueOfSharesIssuedToManager-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_KelsenShippingCoLoanAgreementMember" xlink:label="cmre_KelsenShippingCoLoanAgreementMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_KelsenShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Kelsen Shipping Co. Loan Agreement [Member]</link:label>
    <link:label xlink:label="cmre_KelsenShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Kelsen Shipping Co. loan agreement</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_KelsenShippingCoLoanAgreementMember" xlink:to="cmre_KelsenShippingCoLoanAgreementMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentFiscalYearFocus-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ConsolidationPolicyTextBlock" xlink:label="us-gaap_ConsolidationPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ConsolidationPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConsolidationPolicyTextBlock" xlink:to="us-gaap_ConsolidationPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_WorkingCapitalSecurity" xlink:label="cmre_WorkingCapitalSecurity" xlink:type="locator"/>
    <link:label xlink:label="cmre_WorkingCapitalSecurity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_WorkingCapitalSecurity</link:label>
    <link:label xlink:label="cmre_WorkingCapitalSecurity-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Working Capital Security</link:label>
    <link:label xlink:label="cmre_WorkingCapitalSecurity-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The total amount hold by a third party manager as working capital security in accordance with the management agreement between the reporting entity and the third party manager.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_WorkingCapitalSecurity" xlink:to="cmre_WorkingCapitalSecurity-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquitySecuritiesFvNiRealizedGainLoss" xlink:label="us-gaap_EquitySecuritiesFvNiRealizedGainLoss" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquitySecuritiesFvNiRealizedGainLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain on sale of equity securities (Note 5)</link:label>
    <link:label xlink:label="us-gaap_EquitySecuritiesFvNiRealizedGainLoss-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Equity Securities, FV-NI, Realized Gain (Loss), Total</link:label>
    <link:label xlink:label="us-gaap_EquitySecuritiesFvNiRealizedGainLoss-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Gain on sale of equity securities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquitySecuritiesFvNiRealizedGainLoss" xlink:to="us-gaap_EquitySecuritiesFvNiRealizedGainLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ShanghaiCostamareShipManagementCoLtdMember" xlink:label="cmre_ShanghaiCostamareShipManagementCoLtdMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ShanghaiCostamareShipManagementCoLtdMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Shanghai Costamare Ship Management Co Ltd [Member]</link:label>
    <link:label xlink:label="cmre_ShanghaiCostamareShipManagementCoLtdMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information pertaining to Shanghai Costamare Ship Management Co Ltd.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ShanghaiCostamareShipManagementCoLtdMember" xlink:to="cmre_ShanghaiCostamareShipManagementCoLtdMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet" xlink:label="us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet</link:label>
    <link:label xlink:label="us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Rate Cash Flow Hedge Gain (Loss) to be Reclassified During Next 12 Months, Net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet" xlink:to="us-gaap_InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentPeriodEndDate" xlink:label="dei_DocumentPeriodEndDate" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentPeriodEndDate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Period End Date</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentPeriodEndDate" xlink:to="dei_DocumentPeriodEndDate-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TotalChargesByManagerToCompanysAffiliates" xlink:label="cmre_TotalChargesByManagerToCompanysAffiliates" xlink:type="locator"/>
    <link:label xlink:label="cmre_TotalChargesByManagerToCompanysAffiliates-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_TotalChargesByManagerToCompanysAffiliates</link:label>
    <link:label xlink:label="cmre_TotalChargesByManagerToCompanysAffiliates-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Charges by Manager to Companys Affiliates</link:label>
    <link:label xlink:label="cmre_TotalChargesByManagerToCompanysAffiliates-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Aggregate amount charged to the companies established pursuant to the Framework Agreement for services provided in accordance with the respective management agreements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TotalChargesByManagerToCompanysAffiliates" xlink:to="cmre_TotalChargesByManagerToCompanysAffiliates-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFileNumber" xlink:label="dei_EntityFileNumber" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityFileNumber-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity File Number</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFileNumber" xlink:to="dei_EntityFileNumber-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_GoingConcernPolicyPolicyTextBlock" xlink:label="cmre_GoingConcernPolicyPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_GoingConcernPolicyPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Going Concern, Policy [Policy Text Block]</link:label>
    <link:label xlink:label="cmre_GoingConcernPolicyPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for reporting when there is a substantial doubt about an entity's ability to continue as a going concern for a reasonable period of time (generally a year from the balance sheet date).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_GoingConcernPolicyPolicyTextBlock" xlink:to="cmre_GoingConcernPolicyPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityEmergingGrowthCompany-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentType" xlink:label="dei_DocumentType" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentType-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Type</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentType" xlink:to="dei_DocumentType-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_PercentageOwnership" xlink:label="cmre_PercentageOwnership" xlink:type="locator"/>
    <link:label xlink:label="cmre_PercentageOwnership-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_PercentageOwnership</link:label>
    <link:label xlink:label="cmre_PercentageOwnership-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage Ownership</link:label>
    <link:label xlink:label="cmre_PercentageOwnership-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This item represents the percentage of ownership of a related party.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_PercentageOwnership" xlink:to="cmre_PercentageOwnership-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DeferredFinanceCostsTransferAndOtherMovements" xlink:label="cmre_DeferredFinanceCostsTransferAndOtherMovements" xlink:type="locator"/>
    <link:label xlink:label="cmre_DeferredFinanceCostsTransferAndOtherMovements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Transfers and other movements</link:label>
    <link:label xlink:label="cmre_DeferredFinanceCostsTransferAndOtherMovements-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of adjustments to deferred finance costs attribute to transfer and other movements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DeferredFinanceCostsTransferAndOtherMovements" xlink:to="cmre_DeferredFinanceCostsTransferAndOtherMovements-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InvestmentOwnedAtCost" xlink:label="us-gaap_InvestmentOwnedAtCost" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InvestmentOwnedAtCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InvestmentOwnedAtCost</link:label>
    <link:label xlink:label="us-gaap_InvestmentOwnedAtCost-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment Owned, at Cost</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedAtCost" xlink:to="us-gaap_InvestmentOwnedAtCost-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityShellCompany-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Shell Company</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationLineItems" xlink:label="dei_DocumentInformationLineItems" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentInformationLineItems-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Line Items]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationLineItems" xlink:to="dei_DocumentInformationLineItems-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentInformationTable" xlink:label="dei_DocumentInformationTable" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentInformationTable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Information [Table]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentInformationTable" xlink:to="dei_DocumentInformationTable-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InsuranceClaimReceivablesPolicyTextBlock" xlink:label="cmre_InsuranceClaimReceivablesPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_InsuranceClaimReceivablesPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Insurance Claim Receivables [Policy Text Block]</link:label>
    <link:label xlink:label="cmre_InsuranceClaimReceivablesPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Entity's accounting policy regarding the recognition and recording of the insurance claim receivables.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InsuranceClaimReceivablesPolicyTextBlock" xlink:to="cmre_InsuranceClaimReceivablesPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_WriteoffDerivingFromFairValueMeasurement" xlink:label="cmre_WriteoffDerivingFromFairValueMeasurement" xlink:type="locator"/>
    <link:label xlink:label="cmre_WriteoffDerivingFromFairValueMeasurement-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_WriteoffDerivingFromFairValueMeasurement</link:label>
    <link:label xlink:label="cmre_WriteoffDerivingFromFairValueMeasurement-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Write-off Deriving from Fair Value Measurement</link:label>
    <link:label xlink:label="cmre_WriteoffDerivingFromFairValueMeasurement-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The write-off of the difference between the aggregate fair value of the debt and equity securities received from ZIM and the then net carrying value of the amounts due from ZIM and is included in General and administrative expenses in the accompanying consolidated statement of income.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_WriteoffDerivingFromFairValueMeasurement" xlink:to="cmre_WriteoffDerivingFromFairValueMeasurement-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NumberOfInterestRateDerivativesHeld" xlink:label="us-gaap_NumberOfInterestRateDerivativesHeld" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NumberOfInterestRateDerivativesHeld-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NumberOfInterestRateDerivativesHeld</link:label>
    <link:label xlink:label="us-gaap_NumberOfInterestRateDerivativesHeld-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Interest Rate Derivatives Held</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfInterestRateDerivativesHeld" xlink:to="us-gaap_NumberOfInterestRateDerivativesHeld-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ScheduleOfDerivativeAssetsAndLiabilitiesAtFairValueTableTextBlock" xlink:label="cmre_ScheduleOfDerivativeAssetsAndLiabilitiesAtFairValueTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_ScheduleOfDerivativeAssetsAndLiabilitiesAtFairValueTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Derivative Assets and Liabilities at Fair Value [Table Text Block]</link:label>
    <link:label xlink:label="cmre_ScheduleOfDerivativeAssetsAndLiabilitiesAtFairValueTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of derivative assets and liabilities at fair value.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ScheduleOfDerivativeAssetsAndLiabilitiesAtFairValueTableTextBlock" xlink:to="cmre_ScheduleOfDerivativeAssetsAndLiabilitiesAtFairValueTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityFilerCategory-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Filer Category</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_Zim5PercentSeries2NotesDue2023Member" xlink:label="cmre_Zim5PercentSeries2NotesDue2023Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_Zim5PercentSeries2NotesDue2023Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Zim 5.0% Series 2 Notes Due 2023 [Member]</link:label>
    <link:label xlink:label="cmre_Zim5PercentSeries2NotesDue2023Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information pertaining to 5.0% Series 1 Notes due 2023 debt securities received from Zim Integrated Services.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_Zim5PercentSeries2NotesDue2023Member" xlink:to="cmre_Zim5PercentSeries2NotesDue2023Member-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InvestmentOwnedBalanceShares" xlink:label="us-gaap_InvestmentOwnedBalanceShares" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InvestmentOwnedBalanceShares-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InvestmentOwnedBalanceShares</link:label>
    <link:label xlink:label="us-gaap_InvestmentOwnedBalanceShares-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment Owned, Balance, Shares (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedBalanceShares" xlink:to="us-gaap_InvestmentOwnedBalanceShares-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityCurrentReportingStatus-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_Zim3PercentSeries1NotesDue2023Member" xlink:label="cmre_Zim3PercentSeries1NotesDue2023Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_Zim3PercentSeries1NotesDue2023Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Zim 3.0% Series 1 Notes Due 2023 [Member]</link:label>
    <link:label xlink:label="cmre_Zim3PercentSeries1NotesDue2023Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information pertaining to 3.0% Series 1 Notes due 2023 - debt securities received from Zim Integrated Services.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_Zim3PercentSeries1NotesDue2023Member" xlink:to="cmre_Zim3PercentSeries1NotesDue2023Member-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityVoluntaryFilers-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InvestmentOwnedBalancePrincipalAmount" xlink:label="us-gaap_InvestmentOwnedBalancePrincipalAmount" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InvestmentOwnedBalancePrincipalAmount-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InvestmentOwnedBalancePrincipalAmount</link:label>
    <link:label xlink:label="us-gaap_InvestmentOwnedBalancePrincipalAmount-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment Owned, Balance, Principal Amount</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentOwnedBalancePrincipalAmount" xlink:to="us-gaap_InvestmentOwnedBalancePrincipalAmount-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityWellKnownSeasonedIssuer-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_The5PercentSeries2NotesDue2023Member" xlink:label="cmre_The5PercentSeries2NotesDue2023Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_The5PercentSeries2NotesDue2023Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The 5.0% Series 2 Notes Due 2023 [Member]</link:label>
    <link:label xlink:label="cmre_The5PercentSeries2NotesDue2023Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information pertaining to the 5% Series 2 Notes Due 2023.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_The5PercentSeries2NotesDue2023Member" xlink:to="cmre_The5PercentSeries2NotesDue2023Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ZimIntegratedServicesMember" xlink:label="cmre_ZimIntegratedServicesMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ZimIntegratedServicesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Zim Integrated Services [Member]</link:label>
    <link:label xlink:label="cmre_ZimIntegratedServicesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The legal entity of Zim Integrated Services.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ZimIntegratedServicesMember" xlink:to="cmre_ZimIntegratedServicesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_The3PercentSeries1NotesDue2023Member" xlink:label="cmre_The3PercentSeries1NotesDue2023Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_The3PercentSeries1NotesDue2023Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The 3.0% Series 1 Notes Due 2023 [Member]</link:label>
    <link:label xlink:label="cmre_The3PercentSeries1NotesDue2023Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Information pertaining to the 3.0% Series 1 Notes Due 2023.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_The3PercentSeries1NotesDue2023Member" xlink:to="cmre_The3PercentSeries1NotesDue2023Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_WriteoffAndOtherMovements" xlink:label="cmre_WriteoffAndOtherMovements" xlink:type="locator"/>
    <link:label xlink:label="cmre_WriteoffAndOtherMovements-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_WriteoffAndOtherMovements</link:label>
    <link:label xlink:label="cmre_WriteoffAndOtherMovements-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Write-off and other movements (Note 7)</link:label>
    <link:label xlink:label="cmre_WriteoffAndOtherMovements-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Write-off of deferred charges and other movements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_WriteoffAndOtherMovements" xlink:to="cmre_WriteoffAndOtherMovements-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_HeldtomaturitySecuritiesEquityInterestAcquired" xlink:label="cmre_HeldtomaturitySecuritiesEquityInterestAcquired" xlink:type="locator"/>
    <link:label xlink:label="cmre_HeldtomaturitySecuritiesEquityInterestAcquired-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_HeldtomaturitySecuritiesEquityInterestAcquired</link:label>
    <link:label xlink:label="cmre_HeldtomaturitySecuritiesEquityInterestAcquired-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Held-to-Maturity Securities, Equity Interest Acquired</link:label>
    <link:label xlink:label="cmre_HeldtomaturitySecuritiesEquityInterestAcquired-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of equity interest in the investment acquired.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_HeldtomaturitySecuritiesEquityInterestAcquired" xlink:to="cmre_HeldtomaturitySecuritiesEquityInterestAcquired-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ConcentrationRiskPercentage1" xlink:label="us-gaap_ConcentrationRiskPercentage1" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ConcentrationRiskPercentage1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concentration risk percentage</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskPercentage1" xlink:to="us-gaap_ConcentrationRiskPercentage1-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement of Comprehensive Income [Abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract" xlink:to="us-gaap_StatementOfIncomeAndComprehensiveIncomeAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCentralIndexKey" xlink:label="dei_EntityCentralIndexKey" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityCentralIndexKey-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Central Index Key</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCentralIndexKey" xlink:to="dei_EntityCentralIndexKey-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityRegistrantName" xlink:label="dei_EntityRegistrantName" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityRegistrantName-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Registrant Name</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityRegistrantName" xlink:to="dei_EntityRegistrantName-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityDomain" xlink:label="dei_EntityDomain" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityDomain" xlink:to="dei_EntityDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LegalEntityAxis" xlink:label="dei_LegalEntityAxis" xlink:type="locator"/>
    <link:label xlink:label="dei_LegalEntityAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Legal Entity [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LegalEntityAxis" xlink:to="dei_LegalEntityAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CustomerConcentrationRiskMember" xlink:label="us-gaap_CustomerConcentrationRiskMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CustomerConcentrationRiskMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer Concentration Risk [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CustomerConcentrationRiskMember" xlink:to="us-gaap_CustomerConcentrationRiskMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfVesselsProvidedAsCollateralsToSecureLoans" xlink:label="cmre_NumberOfVesselsProvidedAsCollateralsToSecureLoans" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfVesselsProvidedAsCollateralsToSecureLoans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfVesselsProvidedAsCollateralsToSecureLoans</link:label>
    <link:label xlink:label="cmre_NumberOfVesselsProvidedAsCollateralsToSecureLoans-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Vessels Provided as Collaterals to Secure Loans</link:label>
    <link:label xlink:label="cmre_NumberOfVesselsProvidedAsCollateralsToSecureLoans-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of vessels provided as collaterals to secure loans as of the reporting period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfVesselsProvidedAsCollateralsToSecureLoans" xlink:to="cmre_NumberOfVesselsProvidedAsCollateralsToSecureLoans-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AmortizationOfDeferredCharges" xlink:label="us-gaap_AmortizationOfDeferredCharges" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AmortizationOfDeferredCharges-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_AmortizationOfDeferredCharges</link:label>
    <link:label xlink:label="us-gaap_AmortizationOfDeferredCharges-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Amortization</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfDeferredCharges" xlink:to="us-gaap_AmortizationOfDeferredCharges-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressAddressLine1" xlink:label="dei_EntityAddressAddressLine1" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityAddressAddressLine1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Address Line One</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressAddressLine1" xlink:to="dei_EntityAddressAddressLine1-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CarryingValueOfVesselsProvidedAsCollateralsToSecureLoans" xlink:label="cmre_CarryingValueOfVesselsProvidedAsCollateralsToSecureLoans" xlink:type="locator"/>
    <link:label xlink:label="cmre_CarryingValueOfVesselsProvidedAsCollateralsToSecureLoans-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_CarryingValueOfVesselsProvidedAsCollateralsToSecureLoans</link:label>
    <link:label xlink:label="cmre_CarryingValueOfVesselsProvidedAsCollateralsToSecureLoans-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying Value of Vessels Provided as Collaterals to Secure Loans</link:label>
    <link:label xlink:label="cmre_CarryingValueOfVesselsProvidedAsCollateralsToSecureLoans-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The carrying value of vessels provided as collaterals to secure loans as of the reporting period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CarryingValueOfVesselsProvidedAsCollateralsToSecureLoans" xlink:to="cmre_CarryingValueOfVesselsProvidedAsCollateralsToSecureLoans-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCityOrTown" xlink:label="dei_EntityAddressCityOrTown" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityAddressCityOrTown-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, City or Town</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCityOrTown" xlink:to="dei_EntityAddressCityOrTown-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressCountry" xlink:label="dei_EntityAddressCountry" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityAddressCountry-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Country</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressCountry" xlink:to="dei_EntityAddressCountry-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityAddressPostalZipCode-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VesselsAtCost" xlink:label="cmre_VesselsAtCost" xlink:type="locator"/>
    <link:label xlink:label="cmre_VesselsAtCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_VesselsAtCost</link:label>
    <link:label xlink:label="cmre_VesselsAtCost-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning Balance, Vessel Cost</link:label>
    <link:label xlink:label="cmre_VesselsAtCost-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending Balance, Vessel Cost</link:label>
    <link:label xlink:label="cmre_VesselsAtCost-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Cost of vessels, including contract price and any material expenses incurred upon acquisition (initial repairs, improvements and delivery expenses, interest and on-site supervision costs incurred during the construction periods).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VesselsAtCost" xlink:to="cmre_VesselsAtCost-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_PropertyPlantAndEquipmentNetPeriodIncreaseDecrease" xlink:label="cmre_PropertyPlantAndEquipmentNetPeriodIncreaseDecrease" xlink:type="locator"/>
    <link:label xlink:label="cmre_PropertyPlantAndEquipmentNetPeriodIncreaseDecrease-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_PropertyPlantAndEquipmentNetPeriodIncreaseDecrease</link:label>
    <link:label xlink:label="cmre_PropertyPlantAndEquipmentNetPeriodIncreaseDecrease-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessel sales, transfers and other movements</link:label>
    <link:label xlink:label="cmre_PropertyPlantAndEquipmentNetPeriodIncreaseDecrease-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of increase (decrease) of long-lived, physical assets used in the normal conduct of business and not intended for resale net of accumulated depreciation.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_PropertyPlantAndEquipmentNetPeriodIncreaseDecrease" xlink:to="cmre_PropertyPlantAndEquipmentNetPeriodIncreaseDecrease-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ConcentrationRiskByTypeAxis" xlink:label="us-gaap_ConcentrationRiskByTypeAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ConcentrationRiskByTypeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concentration Risk Type [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskByTypeAxis" xlink:to="us-gaap_ConcentrationRiskByTypeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ConcentrationRiskTypeDomain" xlink:label="us-gaap_ConcentrationRiskTypeDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ConcentrationRiskTypeDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concentration Risk Type [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskTypeDomain" xlink:to="us-gaap_ConcentrationRiskTypeDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ScheduleOfDeferredChargesTableTextBlock" xlink:label="cmre_ScheduleOfDeferredChargesTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_ScheduleOfDeferredChargesTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Deferred Charges [Table Text Block]</link:label>
    <link:label xlink:label="cmre_ScheduleOfDeferredChargesTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure relating to deferred charges including additions, amortization and write-offs of financing cost and vessels drydocking costs. And if applicable transfers to assets held for sale.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ScheduleOfDeferredChargesTableTextBlock" xlink:to="cmre_ScheduleOfDeferredChargesTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DeferredChargesTextBlock" xlink:label="cmre_DeferredChargesTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_DeferredChargesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Charges [Text Block]</link:label>
    <link:label xlink:label="cmre_DeferredChargesTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entire disclosure for deferred charges.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DeferredChargesTextBlock" xlink:to="cmre_DeferredChargesTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityCommonStockSharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DeferredChargesAdditions" xlink:label="cmre_DeferredChargesAdditions" xlink:type="locator"/>
    <link:label xlink:label="cmre_DeferredChargesAdditions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DeferredChargesAdditions</link:label>
    <link:label xlink:label="cmre_DeferredChargesAdditions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Additions</link:label>
    <link:label xlink:label="cmre_DeferredChargesAdditions-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amount of additions to deferred charges.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DeferredChargesAdditions" xlink:to="cmre_DeferredChargesAdditions-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_USRelatedGrossTransportationIncomeThatTaxApplies" xlink:label="cmre_USRelatedGrossTransportationIncomeThatTaxApplies" xlink:type="locator"/>
    <link:label xlink:label="cmre_USRelatedGrossTransportationIncomeThatTaxApplies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_USRelatedGrossTransportationIncomeThatTaxApplies</link:label>
    <link:label xlink:label="cmre_USRelatedGrossTransportationIncomeThatTaxApplies-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">US Related Gross Transportation Income That Tax Applies</link:label>
    <link:label xlink:label="cmre_USRelatedGrossTransportationIncomeThatTaxApplies-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percentage of United States related gross transportation income on which tax applied, unless an exemption applies.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_USRelatedGrossTransportationIncomeThatTaxApplies" xlink:to="cmre_USRelatedGrossTransportationIncomeThatTaxApplies-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SalesRevenueNetMember" xlink:label="us-gaap_SalesRevenueNetMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SalesRevenueNetMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue Benchmark [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SalesRevenueNetMember" xlink:to="us-gaap_SalesRevenueNetMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InterestFinanceCostsTextBlock" xlink:label="cmre_InterestFinanceCostsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_InterestFinanceCostsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Finance Costs [Text Block]</link:label>
    <link:label xlink:label="cmre_InterestFinanceCostsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of interest and finance costs and amortization of financing costs.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InterestFinanceCostsTextBlock" xlink:to="cmre_InterestFinanceCostsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_USTreasuryBillSecuritiesMember" xlink:label="us-gaap_USTreasuryBillSecuritiesMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_USTreasuryBillSecuritiesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">US Treasury Bill Securities [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_USTreasuryBillSecuritiesMember" xlink:to="us-gaap_USTreasuryBillSecuritiesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_UrizaShippingCoTermLoan2Member" xlink:label="cmre_UrizaShippingCoTermLoan2Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_UrizaShippingCoTermLoan2Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Uriza Shipping Co. Term Loan 2 [Member]</link:label>
    <link:label xlink:label="cmre_UrizaShippingCoTermLoan2Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the second term loan issued by Uriza Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_UrizaShippingCoTermLoan2Member" xlink:to="cmre_UrizaShippingCoTermLoan2Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CostamareVenturesIncTextBlock" xlink:label="cmre_CostamareVenturesIncTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_CostamareVenturesIncTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Costamare Ventures Inc. [Text Block]</link:label>
    <link:label xlink:label="cmre_CostamareVenturesIncTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The entire disclosure relating to the Framework Deed that Costamare Ventures Inc. (wholly owned subsidiary of the reporting Company) entered into, with York Capital Management Advisors LLC and its affiliate Sparrow Holdings LP.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CostamareVenturesIncTextBlock" xlink:to="cmre_CostamareVenturesIncTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InvestmentTypeCategorizationMember" xlink:label="us-gaap_InvestmentTypeCategorizationMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InvestmentTypeCategorizationMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investments [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeCategorizationMember" xlink:to="us-gaap_InvestmentTypeCategorizationMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" xlink:type="locator"/>
    <link:label xlink:label="dei_TradingSymbol-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Trading Symbol</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InterestFinanceCostsTableTextBlock" xlink:label="cmre_InterestFinanceCostsTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_InterestFinanceCostsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Finance Costs [Table Text Block]</link:label>
    <link:label xlink:label="cmre_InterestFinanceCostsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of interest and debt related expenses.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InterestFinanceCostsTableTextBlock" xlink:to="cmre_InterestFinanceCostsTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfJointlyOwnedCompanies" xlink:label="cmre_NumberOfJointlyOwnedCompanies" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfJointlyOwnedCompanies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfJointlyOwnedCompanies</link:label>
    <link:label xlink:label="cmre_NumberOfJointlyOwnedCompanies-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Jointly Owned Companies</link:label>
    <link:label xlink:label="cmre_NumberOfJointlyOwnedCompanies-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of jointly owned companies formed pursuant to the Framework Agreement with York, that the Company holds a percentage of their capital stock as at the end of the reporting period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfJointlyOwnedCompanies" xlink:to="cmre_NumberOfJointlyOwnedCompanies-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ConcentrationRiskByBenchmarkAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concentration Risk Benchmark [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskByBenchmarkAxis" xlink:to="us-gaap_ConcentrationRiskByBenchmarkAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfVesselsDelivered" xlink:label="cmre_NumberOfVesselsDelivered" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfVesselsDelivered-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfVesselsDelivered</link:label>
    <link:label xlink:label="cmre_NumberOfVesselsDelivered-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Vessels Delivered</link:label>
    <link:label xlink:label="cmre_NumberOfVesselsDelivered-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of vessels delivered during period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfVesselsDelivered" xlink:to="cmre_NumberOfVesselsDelivered-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ConcentrationRiskBenchmarkDomain" xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ConcentrationRiskBenchmarkDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concentration Risk Benchmark [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskBenchmarkDomain" xlink:to="us-gaap_ConcentrationRiskBenchmarkDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InvestmentTypeAxis" xlink:label="us-gaap_InvestmentTypeAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InvestmentTypeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment Type [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentTypeAxis" xlink:to="us-gaap_InvestmentTypeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ParticipationOfCompanysWhollyOwnedSubsidiary" xlink:label="cmre_ParticipationOfCompanysWhollyOwnedSubsidiary" xlink:type="locator"/>
    <link:label xlink:label="cmre_ParticipationOfCompanysWhollyOwnedSubsidiary-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_ParticipationOfCompanysWhollyOwnedSubsidiary</link:label>
    <link:label xlink:label="cmre_ParticipationOfCompanysWhollyOwnedSubsidiary-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Participation of Company's Wholly Owned Subsidiary</link:label>
    <link:label xlink:label="cmre_ParticipationOfCompanysWhollyOwnedSubsidiary-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the percentage of the shareholding of the Company through Costamare Ventures, to each entity.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ParticipationOfCompanysWhollyOwnedSubsidiary" xlink:to="cmre_ParticipationOfCompanysWhollyOwnedSubsidiary-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock" xlink:to="us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TwentyfootEquivalentUnitsMeasuredOnVessel" xlink:label="cmre_TwentyfootEquivalentUnitsMeasuredOnVessel" xlink:type="locator"/>
    <link:label xlink:label="cmre_TwentyfootEquivalentUnitsMeasuredOnVessel-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_TwentyfootEquivalentUnitsMeasuredOnVessel</link:label>
    <link:label xlink:label="cmre_TwentyfootEquivalentUnitsMeasuredOnVessel-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Twenty-foot Equivalent Units Measured on Vessel</link:label>
    <link:label xlink:label="cmre_TwentyfootEquivalentUnitsMeasuredOnVessel-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of twenty-foot equivalent units measured on vessel.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TwentyfootEquivalentUnitsMeasuredOnVessel" xlink:to="cmre_TwentyfootEquivalentUnitsMeasuredOnVessel-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AnnualFeeToRelatedPartiesCharteredInCurrentPeriod" xlink:label="cmre_AnnualFeeToRelatedPartiesCharteredInCurrentPeriod" xlink:type="locator"/>
    <link:label xlink:label="cmre_AnnualFeeToRelatedPartiesCharteredInCurrentPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AnnualFeeToRelatedPartiesCharteredInCurrentPeriod</link:label>
    <link:label xlink:label="cmre_AnnualFeeToRelatedPartiesCharteredInCurrentPeriod-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Annual Fee to Related Parties, Chartered in Current Period</link:label>
    <link:label xlink:label="cmre_AnnualFeeToRelatedPartiesCharteredInCurrentPeriod-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Annual fee for services provided by Costamare Shipping and/ or Costamare Services chartered in the current period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AnnualFeeToRelatedPartiesCharteredInCurrentPeriod" xlink:to="cmre_AnnualFeeToRelatedPartiesCharteredInCurrentPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CommonStockIssuedForTheServicesAgreementMember" xlink:label="cmre_CommonStockIssuedForTheServicesAgreementMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_CommonStockIssuedForTheServicesAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock Issued for the Services Agreement [Member]</link:label>
    <link:label xlink:label="cmre_CommonStockIssuedForTheServicesAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding common stock issued for the services agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CommonStockIssuedForTheServicesAgreementMember" xlink:to="cmre_CommonStockIssuedForTheServicesAgreementMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfVesselsHeldForSale" xlink:label="cmre_NumberOfVesselsHeldForSale" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfVesselsHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfVesselsHeldForSale</link:label>
    <link:label xlink:label="cmre_NumberOfVesselsHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Vessels Held for Sale</link:label>
    <link:label xlink:label="cmre_NumberOfVesselsHeldForSale-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of vessels held for sale.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfVesselsHeldForSale" xlink:to="cmre_NumberOfVesselsHeldForSale-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_LocalPhoneNumber" xlink:label="dei_LocalPhoneNumber" xlink:type="locator"/>
    <link:label xlink:label="dei_LocalPhoneNumber-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Local Phone Number</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_LocalPhoneNumber" xlink:to="dei_LocalPhoneNumber-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_TableTextBlock" xlink:label="us-gaap_TableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_TableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_TableTextBlock</link:label>
    <link:label xlink:label="us-gaap_TableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes Tables</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TableTextBlock" xlink:to="us-gaap_TableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CommonStockIssuedForDividendReinvestmentPlanMember" xlink:label="cmre_CommonStockIssuedForDividendReinvestmentPlanMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_CommonStockIssuedForDividendReinvestmentPlanMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock Issued for Dividend Reinvestment Plan [Member]</link:label>
    <link:label xlink:label="cmre_CommonStockIssuedForDividendReinvestmentPlanMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding common stock issued for the dividend reinvestment plan.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CommonStockIssuedForDividendReinvestmentPlanMember" xlink:to="cmre_CommonStockIssuedForDividendReinvestmentPlanMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SteadmanMaritimeCoMember" xlink:label="cmre_SteadmanMaritimeCoMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_SteadmanMaritimeCoMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Steadman Maritime Co. [Member]</link:label>
    <link:label xlink:label="cmre_SteadmanMaritimeCoMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment in Steadman Maritime Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SteadmanMaritimeCoMember" xlink:to="cmre_SteadmanMaritimeCoMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_GoodwayMaritimeCoMember" xlink:label="cmre_GoodwayMaritimeCoMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_GoodwayMaritimeCoMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Goodway Maritime Co. [Member]</link:label>
    <link:label xlink:label="cmre_GoodwayMaritimeCoMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment in Goodway Maritime Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_GoodwayMaritimeCoMember" xlink:to="cmre_GoodwayMaritimeCoMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_PlattMaritimeCoMember" xlink:label="cmre_PlattMaritimeCoMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_PlattMaritimeCoMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Platt Maritime Co. [Member]</link:label>
    <link:label xlink:label="cmre_PlattMaritimeCoMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment in Platt Maritime Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_PlattMaritimeCoMember" xlink:to="cmre_PlattMaritimeCoMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_GeneralFairValueHedgeInformationHedgeEffectivenessThreshold" xlink:label="us-gaap_GeneralFairValueHedgeInformationHedgeEffectivenessThreshold" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_GeneralFairValueHedgeInformationHedgeEffectivenessThreshold-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_GeneralFairValueHedgeInformationHedgeEffectivenessThreshold</link:label>
    <link:label xlink:label="us-gaap_GeneralFairValueHedgeInformationHedgeEffectivenessThreshold-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">General Fair Value Hedge Information, Hedge Effectiveness Threshold</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralFairValueHedgeInformationHedgeEffectivenessThreshold" xlink:to="us-gaap_GeneralFairValueHedgeInformationHedgeEffectivenessThreshold-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RaymondShippingCoTeranceShippingCoAndUndineShippingCoTermLoansMember" xlink:label="cmre_RaymondShippingCoTeranceShippingCoAndUndineShippingCoTermLoansMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_RaymondShippingCoTeranceShippingCoAndUndineShippingCoTermLoansMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Raymond Shipping Co., Terance Shipping Co. and Undine Shipping Co. Term Loans [Member]</link:label>
    <link:label xlink:label="cmre_RaymondShippingCoTeranceShippingCoAndUndineShippingCoTermLoansMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Raymond Shipping Co., Terance Shipping Co. and Undine Shipping Co. term loans.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RaymondShippingCoTeranceShippingCoAndUndineShippingCoTermLoansMember" xlink:to="cmre_RaymondShippingCoTeranceShippingCoAndUndineShippingCoTermLoansMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_GeyerMaritimeCoMember" xlink:label="cmre_GeyerMaritimeCoMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_GeyerMaritimeCoMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geyer Maritime Co. [Member]</link:label>
    <link:label xlink:label="cmre_GeyerMaritimeCoMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investments in Geyer Maritime Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_GeyerMaritimeCoMember" xlink:to="cmre_GeyerMaritimeCoMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProvisionForDoubtfulAccounts" xlink:label="us-gaap_ProvisionForDoubtfulAccounts" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ProvisionForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ProvisionForDoubtfulAccounts</link:label>
    <link:label xlink:label="us-gaap_ProvisionForDoubtfulAccounts-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts Receivable, Credit Loss Expense (Reversal)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProvisionForDoubtfulAccounts" xlink:to="us-gaap_ProvisionForDoubtfulAccounts-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingCostsAndExpenses" xlink:label="us-gaap_OperatingCostsAndExpenses" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OperatingCostsAndExpenses-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_OperatingCostsAndExpenses</link:label>
    <link:label xlink:label="us-gaap_OperatingCostsAndExpenses-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Vessels&#8217; operating expenses</link:label>
    <link:label xlink:label="us-gaap_OperatingCostsAndExpenses-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Vessels&#8217; operating expenses</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingCostsAndExpenses" xlink:to="us-gaap_OperatingCostsAndExpenses-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_YearOfEstablishmentOrAcquisition" xlink:label="cmre_YearOfEstablishmentOrAcquisition" xlink:type="locator"/>
    <link:label xlink:label="cmre_YearOfEstablishmentOrAcquisition-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Date of establishment</link:label>
    <link:label xlink:label="cmre_YearOfEstablishmentOrAcquisition-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The dates of establishment or acquisition of the jointly owned companies formed pursuant to the Framework Agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_YearOfEstablishmentOrAcquisition" xlink:to="cmre_YearOfEstablishmentOrAcquisition-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_EquityMethodInvestmentsSummarizedFinancialInformationTableTextBlock" xlink:label="cmre_EquityMethodInvestmentsSummarizedFinancialInformationTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_EquityMethodInvestmentsSummarizedFinancialInformationTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investments Summarized Financial Information [Table Text Block]</link:label>
    <link:label xlink:label="cmre_EquityMethodInvestmentsSummarizedFinancialInformationTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the summarized financial information regarding equity method investments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_EquityMethodInvestmentsSummarizedFinancialInformationTableTextBlock" xlink:to="cmre_EquityMethodInvestmentsSummarizedFinancialInformationTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SykesMaritimeCoMember" xlink:label="cmre_SykesMaritimeCoMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_SykesMaritimeCoMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sykes Maritime Co. [Member]</link:label>
    <link:label xlink:label="cmre_SykesMaritimeCoMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Investment in Sykes Maritime Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SykesMaritimeCoMember" xlink:to="cmre_SykesMaritimeCoMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_HeldToMaturitySecuritiesFairValue" xlink:label="us-gaap_HeldToMaturitySecuritiesFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_HeldToMaturitySecuritiesFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_HeldToMaturitySecuritiesFairValue</link:label>
    <link:label xlink:label="us-gaap_HeldToMaturitySecuritiesFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Securities, Held-to-maturity, Fair Value, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HeldToMaturitySecuritiesFairValue" xlink:to="us-gaap_HeldToMaturitySecuritiesFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VesselNameOrHullName" xlink:label="cmre_VesselNameOrHullName" xlink:type="locator"/>
    <link:label xlink:label="cmre_VesselNameOrHullName-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessel name or hull name</link:label>
    <link:label xlink:label="cmre_VesselNameOrHullName-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The name of vessel or under construction hull name owned by the jointly owned companies formed pursuant to the Framework Agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VesselNameOrHullName" xlink:to="cmre_VesselNameOrHullName-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RelatedPartyTransactionAxis" xlink:label="us-gaap_RelatedPartyTransactionAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RelatedPartyTransactionAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionAxis" xlink:to="us-gaap_RelatedPartyTransactionAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RelatedPartyTransactionDomain" xlink:label="us-gaap_RelatedPartyTransactionDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RelatedPartyTransactionDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transaction [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionDomain" xlink:to="us-gaap_RelatedPartyTransactionDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet" xlink:label="us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Effective portion of changes in fair value of cash flow hedges (Notes 20 and 22)</link:label>
    <link:label xlink:label="us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet" xlink:to="us-gaap_DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetsNoncurrent" xlink:label="us-gaap_AssetsNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AssetsNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-current assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNoncurrent" xlink:to="us-gaap_AssetsNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestExpense" xlink:label="us-gaap_InterestExpense" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest expense</link:label>
    <link:label xlink:label="us-gaap_InterestExpense-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Expense, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpense" xlink:to="us-gaap_InterestExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestExpenseDebt" xlink:label="us-gaap_InterestExpenseDebt" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestExpenseDebt-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InterestExpenseDebt</link:label>
    <link:label xlink:label="us-gaap_InterestExpenseDebt-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Interest Expense, Debt, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestExpenseDebt" xlink:to="us-gaap_InterestExpenseDebt-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AmortizationOfFinancingCosts" xlink:label="us-gaap_AmortizationOfFinancingCosts" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AmortizationOfFinancingCosts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization and write-off of financing costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCosts" xlink:to="us-gaap_AmortizationOfFinancingCosts-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RevenueDaysPerAnnum" xlink:label="cmre_RevenueDaysPerAnnum" xlink:type="locator"/>
    <link:label xlink:label="cmre_RevenueDaysPerAnnum-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_RevenueDaysPerAnnum</link:label>
    <link:label xlink:label="cmre_RevenueDaysPerAnnum-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Revenue Days Per Annum (Day)</link:label>
    <link:label xlink:label="cmre_RevenueDaysPerAnnum-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of assumed revenue days used in the calculation of the contracted revenue.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RevenueDaysPerAnnum" xlink:to="cmre_RevenueDaysPerAnnum-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DisclosureTextBlockAbstract" xlink:label="us-gaap_DisclosureTextBlockAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DisclosureTextBlockAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DisclosureTextBlockAbstract</link:label>
    <link:label xlink:label="us-gaap_DisclosureTextBlockAbstract-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Notes to Financial Statements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DisclosureTextBlockAbstract" xlink:to="us-gaap_DisclosureTextBlockAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TimeCharterArrangementsRemainingTermsPeriod" xlink:label="cmre_TimeCharterArrangementsRemainingTermsPeriod" xlink:type="locator"/>
    <link:label xlink:label="cmre_TimeCharterArrangementsRemainingTermsPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_TimeCharterArrangementsRemainingTermsPeriod</link:label>
    <link:label xlink:label="cmre_TimeCharterArrangementsRemainingTermsPeriod-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Time Charter Arrangements Remaining Terms Period (Month)</link:label>
    <link:label xlink:label="cmre_TimeCharterArrangementsRemainingTermsPeriod-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The remaining terms period (in total months) of the contracted time charter agreements, including the contracted time charter agreements of vessels under construction, from the end of the reporting period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TimeCharterArrangementsRemainingTermsPeriod" xlink:to="cmre_TimeCharterArrangementsRemainingTermsPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Instruments and Hedging Activities Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock" xlink:to="us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InventoryDisclosureTextBlock" xlink:label="us-gaap_InventoryDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InventoryDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryDisclosureTextBlock" xlink:to="us-gaap_InventoryDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SubsequentEventMember" xlink:label="us-gaap_SubsequentEventMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SubsequentEventMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventMember" xlink:to="us-gaap_SubsequentEventMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ScheduleOfNonCancelableLongtermTimeCharterContractsTableTextBlock" xlink:label="cmre_ScheduleOfNonCancelableLongtermTimeCharterContractsTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_ScheduleOfNonCancelableLongtermTimeCharterContractsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Non Cancelable Long-Term Time Charter Contracts [Table Text Block]</link:label>
    <link:label xlink:label="cmre_ScheduleOfNonCancelableLongtermTimeCharterContractsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the long term time charter contracted revenue.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ScheduleOfNonCancelableLongtermTimeCharterContractsTableTextBlock" xlink:to="cmre_ScheduleOfNonCancelableLongtermTimeCharterContractsTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearTwo" xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearTwo" xlink:type="locator"/>
    <link:label xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearTwo-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearTwo</link:label>
    <link:label xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearTwo-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">2024</link:label>
    <link:label xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearTwo-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of receivables under long-term contracts that have not been billed and were not billable that are expected to be collected in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearTwo" xlink:to="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearTwo-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FutureMinimumContractualCharterRevenuesAssumptionsMember" xlink:label="cmre_FutureMinimumContractualCharterRevenuesAssumptionsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_FutureMinimumContractualCharterRevenuesAssumptionsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Future Minimum Contractual Charter Revenues Assumptions [Member]</link:label>
    <link:label xlink:label="cmre_FutureMinimumContractualCharterRevenuesAssumptionsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding future minimum contractual charter revenues assumptions.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FutureMinimumContractualCharterRevenuesAssumptionsMember" xlink:to="cmre_FutureMinimumContractualCharterRevenuesAssumptionsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_UnearnedRevenuesRegardingHiresCollectedInAdvanceMember" xlink:label="cmre_UnearnedRevenuesRegardingHiresCollectedInAdvanceMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_UnearnedRevenuesRegardingHiresCollectedInAdvanceMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unearned Revenues Regarding Hires Collected in Advance [Member]</link:label>
    <link:label xlink:label="cmre_UnearnedRevenuesRegardingHiresCollectedInAdvanceMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding unearned revenues regarding hires collected in advance.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_UnearnedRevenuesRegardingHiresCollectedInAdvanceMember" xlink:to="cmre_UnearnedRevenuesRegardingHiresCollectedInAdvanceMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SubsequentEventTypeAxis" xlink:label="us-gaap_SubsequentEventTypeAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SubsequentEventTypeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeAxis" xlink:to="us-gaap_SubsequentEventTypeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearThree" xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearThree" xlink:type="locator"/>
    <link:label xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearThree-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearThree</link:label>
    <link:label xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearThree-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">2025</link:label>
    <link:label xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearThree-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of receivables under long-term contracts that have not been billed and were not billable that are expected to be collected in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearThree" xlink:to="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearThree-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IntangibleAssetsCurrent" xlink:label="us-gaap_IntangibleAssetsCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IntangibleAssetsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time charter assumed (Note 13)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntangibleAssetsCurrent" xlink:to="us-gaap_IntangibleAssetsCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SubsequentEventTypeDomain" xlink:label="us-gaap_SubsequentEventTypeDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SubsequentEventTypeDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Event Type [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventTypeDomain" xlink:to="us-gaap_SubsequentEventTypeDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AccruedCharterRevenueCurrentAndNoncurrentAndUnearnedRevenueCurrentAndNoncurrentTextBlock" xlink:label="cmre_AccruedCharterRevenueCurrentAndNoncurrentAndUnearnedRevenueCurrentAndNoncurrentTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_AccruedCharterRevenueCurrentAndNoncurrentAndUnearnedRevenueCurrentAndNoncurrentTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued Charter Revenue, Current and Non-Current and Unearned Revenue, Current and Non-Current [Text Block]</link:label>
    <link:label xlink:label="cmre_AccruedCharterRevenueCurrentAndNoncurrentAndUnearnedRevenueCurrentAndNoncurrentTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Includes entire disclosure for accrued and deferred revenue.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AccruedCharterRevenueCurrentAndNoncurrentAndUnearnedRevenueCurrentAndNoncurrentTextBlock" xlink:to="cmre_AccruedCharterRevenueCurrentAndNoncurrentAndUnearnedRevenueCurrentAndNoncurrentTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DeferredCosts" xlink:label="us-gaap_DeferredCosts" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredCosts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred charges, net (Note 8)</link:label>
    <link:label xlink:label="us-gaap_DeferredCosts-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Beginning Balance</link:label>
    <link:label xlink:label="us-gaap_DeferredCosts-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Ending Balance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredCosts" xlink:to="us-gaap_DeferredCosts-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_UnearnedRevenuesRegardingCharterRevenuesResultingFromVaryingCharterRatesMember" xlink:label="cmre_UnearnedRevenuesRegardingCharterRevenuesResultingFromVaryingCharterRatesMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_UnearnedRevenuesRegardingCharterRevenuesResultingFromVaryingCharterRatesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unearned Revenues Regarding Charter Revenues Resulting from Varying Charter Rates [Member]</link:label>
    <link:label xlink:label="cmre_UnearnedRevenuesRegardingCharterRevenuesResultingFromVaryingCharterRatesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding unearned revenues from charter revenues resulting from varying charter rates.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_UnearnedRevenuesRegardingCharterRevenuesResultingFromVaryingCharterRatesMember" xlink:to="cmre_UnearnedRevenuesRegardingCharterRevenuesResultingFromVaryingCharterRatesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SubsequentEventsTextBlock" xlink:label="us-gaap_SubsequentEventsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SubsequentEventsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Subsequent Events [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SubsequentEventsTextBlock" xlink:to="us-gaap_SubsequentEventsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ScheduleOfUnbilledReceivablesNotBillableAtBalanceSheetDateTableTextBlock" xlink:label="cmre_ScheduleOfUnbilledReceivablesNotBillableAtBalanceSheetDateTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_ScheduleOfUnbilledReceivablesNotBillableAtBalanceSheetDateTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Unbilled Receivables, Not Billable at Balance Sheet Date [Table Text Block]</link:label>
    <link:label xlink:label="cmre_ScheduleOfUnbilledReceivablesNotBillableAtBalanceSheetDateTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">A schedule of unbilled receivables under long-term contracts that have not been billed and were not billable.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ScheduleOfUnbilledReceivablesNotBillableAtBalanceSheetDateTableTextBlock" xlink:to="cmre_ScheduleOfUnbilledReceivablesNotBillableAtBalanceSheetDateTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VesselsSaleAndLeasebackPrice" xlink:label="cmre_VesselsSaleAndLeasebackPrice" xlink:type="locator"/>
    <link:label xlink:label="cmre_VesselsSaleAndLeasebackPrice-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_VesselsSaleAndLeasebackPrice</link:label>
    <link:label xlink:label="cmre_VesselsSaleAndLeasebackPrice-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessel's sale and leaseback price</link:label>
    <link:label xlink:label="cmre_VesselsSaleAndLeasebackPrice-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The per vessel price for the 3 vessels (MSC Azov, MSC Ajaccio and MSC Amalfi), due to the sale and leaseback transaction.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VesselsSaleAndLeasebackPrice" xlink:to="cmre_VesselsSaleAndLeasebackPrice-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SaleLeasebackTransactionTerm" xlink:label="cmre_SaleLeasebackTransactionTerm" xlink:type="locator"/>
    <link:label xlink:label="cmre_SaleLeasebackTransactionTerm-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_SaleLeasebackTransactionTerm</link:label>
    <link:label xlink:label="cmre_SaleLeasebackTransactionTerm-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction, Term (Year)</link:label>
    <link:label xlink:label="cmre_SaleLeasebackTransactionTerm-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The term of the sale of the property to another party and the lease of the property back to the seller.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SaleLeasebackTransactionTerm" xlink:to="cmre_SaleLeasebackTransactionTerm-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SaleLeasebackTransactionsRegardingTheVesselsMscAzovMscAjaccioAndMscAmalfiMember" xlink:label="cmre_SaleLeasebackTransactionsRegardingTheVesselsMscAzovMscAjaccioAndMscAmalfiMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_SaleLeasebackTransactionsRegardingTheVesselsMscAzovMscAjaccioAndMscAmalfiMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transactions Regarding the Vessels MSC Azov, MSC Ajaccio and MSC Amalfi [Member]</link:label>
    <link:label xlink:label="cmre_SaleLeasebackTransactionsRegardingTheVesselsMscAzovMscAjaccioAndMscAmalfiMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding the sale leaseback transaction related to the vessels MSC Azov, MSC Ajaccio and MSC Amalfi.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SaleLeasebackTransactionsRegardingTheVesselsMscAzovMscAjaccioAndMscAmalfiMember" xlink:to="cmre_SaleLeasebackTransactionsRegardingTheVesselsMscAzovMscAjaccioAndMscAmalfiMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueOfFinancialInstrumentsPolicy-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value of Financial Instruments, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueOfFinancialInstrumentsPolicy" xlink:to="us-gaap_FairValueOfFinancialInstrumentsPolicy-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SegmentReportingPolicyPolicyTextBlock" xlink:label="us-gaap_SegmentReportingPolicyPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SegmentReportingPolicyPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingPolicyPolicyTextBlock" xlink:to="us-gaap_SegmentReportingPolicyPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Currency Transactions and Translations Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock" xlink:to="us-gaap_ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherAssetsNoncurrent" xlink:label="us-gaap_OtherAssetsNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherAssetsNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other non-current assets (Note 5)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherAssetsNoncurrent" xlink:to="us-gaap_OtherAssetsNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LesseeLeasesPolicyTextBlock" xlink:label="us-gaap_LesseeLeasesPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LesseeLeasesPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Lessee, Leases [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LesseeLeasesPolicyTextBlock" xlink:to="us-gaap_LesseeLeasesPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestCostsCapitalizedAdjustment" xlink:label="us-gaap_InterestCostsCapitalizedAdjustment" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestCostsCapitalizedAdjustment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InterestCostsCapitalizedAdjustment</link:label>
    <link:label xlink:label="us-gaap_InterestCostsCapitalizedAdjustment-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest capitalized</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestCostsCapitalizedAdjustment" xlink:to="us-gaap_InterestCostsCapitalizedAdjustment-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RefinanceTermLoanForBernisMarineCorpEtAlMember" xlink:label="cmre_RefinanceTermLoanForBernisMarineCorpEtAlMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_RefinanceTermLoanForBernisMarineCorpEtAlMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Refinance Term Loan for Bernis Marine Corp, et al [Member]</link:label>
    <link:label xlink:label="cmre_RefinanceTermLoanForBernisMarineCorpEtAlMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to refinance term loan for Bernis Maring Corp. et al.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RefinanceTermLoanForBernisMarineCorpEtAlMember" xlink:to="cmre_RefinanceTermLoanForBernisMarineCorpEtAlMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RelatedPartyTransactionExpensesCapitalizedAsFinancingCosts" xlink:label="cmre_RelatedPartyTransactionExpensesCapitalizedAsFinancingCosts" xlink:type="locator"/>
    <link:label xlink:label="cmre_RelatedPartyTransactionExpensesCapitalizedAsFinancingCosts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_RelatedPartyTransactionExpensesCapitalizedAsFinancingCosts</link:label>
    <link:label xlink:label="cmre_RelatedPartyTransactionExpensesCapitalizedAsFinancingCosts-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party Transaction, Expenses Capitalized as Financing Costs</link:label>
    <link:label xlink:label="cmre_RelatedPartyTransactionExpensesCapitalizedAsFinancingCosts-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Expenses capitalized as financing costs resulting from transactions (excluding transactions that are eliminated in consolidated or combined financial statements) with related party.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RelatedPartyTransactionExpensesCapitalizedAsFinancingCosts" xlink:to="cmre_RelatedPartyTransactionExpensesCapitalizedAsFinancingCosts-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_BusinessCombinationsPolicy" xlink:label="us-gaap_BusinessCombinationsPolicy" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_BusinessCombinationsPolicy-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Business Combinations Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationsPolicy" xlink:to="us-gaap_BusinessCombinationsPolicy-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_PercentageToBePaidOnOfferedSharesFairValue" xlink:label="cmre_PercentageToBePaidOnOfferedSharesFairValue" xlink:type="locator"/>
    <link:label xlink:label="cmre_PercentageToBePaidOnOfferedSharesFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_PercentageToBePaidOnOfferedSharesFairValue</link:label>
    <link:label xlink:label="cmre_PercentageToBePaidOnOfferedSharesFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage to be Paid on Offered Shares Fair Value</link:label>
    <link:label xlink:label="cmre_PercentageToBePaidOnOfferedSharesFairValue-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The percentage of fair value of offered shares to be paid in case that no third party accepts to buy them.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_PercentageToBePaidOnOfferedSharesFairValue" xlink:to="cmre_PercentageToBePaidOnOfferedSharesFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DebtInstrumentPrepaidPaymentOnPrincipal" xlink:label="cmre_DebtInstrumentPrepaidPaymentOnPrincipal" xlink:type="locator"/>
    <link:label xlink:label="cmre_DebtInstrumentPrepaidPaymentOnPrincipal-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DebtInstrumentPrepaidPaymentOnPrincipal</link:label>
    <link:label xlink:label="cmre_DebtInstrumentPrepaidPaymentOnPrincipal-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Prepaid Payment on Principal</link:label>
    <link:label xlink:label="cmre_DebtInstrumentPrepaidPaymentOnPrincipal-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of cash paid towards principal on outstanding debts.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DebtInstrumentPrepaidPaymentOnPrincipal" xlink:to="cmre_DebtInstrumentPrepaidPaymentOnPrincipal-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ThePutNoticeMember" xlink:label="cmre_ThePutNoticeMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ThePutNoticeMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The Put Notice [Member]</link:label>
    <link:label xlink:label="cmre_ThePutNoticeMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the put notice.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ThePutNoticeMember" xlink:to="cmre_ThePutNoticeMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EarningsPerSharePolicyTextBlock" xlink:label="us-gaap_EarningsPerSharePolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EarningsPerSharePolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerSharePolicyTextBlock" xlink:to="us-gaap_EarningsPerSharePolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TreasuryStockPolicyTextBlock" xlink:label="cmre_TreasuryStockPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_TreasuryStockPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury Stock [Policy Text Block]</link:label>
    <link:label xlink:label="cmre_TreasuryStockPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Treasury stock is stock that is repurchased by the issuing entity, reducing the number of outstanding shares in the open market. When shares are repurchased, they may either be cancelled or held for reissue. If not cancelled, such shares are referred to as treasury shares. The cost of the acquired shares is shown as a deduction in stockholders' equity. Dividends on such shares held in the entity&#8217;s treasury should not be reflected as income and are not shown as a reduction in equity. Depending on whether the shares are acquired for reissuance or retirement, treasury shares are accounted for under the cost method or the constructive retirement method. The cost method is also used when the reporting entity&#8217;s management has not made decisions as to whether the reacquired shares will be retired, held indefinitely or reissued. The Company elected for the repurchase of its common shares to be accounted for under the cost method. Under this method, the treasury stock account is charged for the aggregate cost of shares reacquired.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TreasuryStockPolicyTextBlock" xlink:to="cmre_TreasuryStockPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfMajorityOwnedSubsidiaries" xlink:label="cmre_NumberOfMajorityOwnedSubsidiaries" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfMajorityOwnedSubsidiaries-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfMajorityOwnedSubsidiaries</link:label>
    <link:label xlink:label="cmre_NumberOfMajorityOwnedSubsidiaries-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Majority Owned Subsidiaries</link:label>
    <link:label xlink:label="cmre_NumberOfMajorityOwnedSubsidiaries-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of majority owned subsidiaries.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfMajorityOwnedSubsidiaries" xlink:to="cmre_NumberOfMajorityOwnedSubsidiaries-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FinanceLeaseObligationsCurrentAndNoncurrentTableTextBlock" xlink:label="cmre_FinanceLeaseObligationsCurrentAndNoncurrentTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_FinanceLeaseObligationsCurrentAndNoncurrentTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance Lease Obligations Current and Non-Current [Table Text Block]</link:label>
    <link:label xlink:label="cmre_FinanceLeaseObligationsCurrentAndNoncurrentTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the finance lease obligations presenting current and non-current balance as at the period end.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FinanceLeaseObligationsCurrentAndNoncurrentTableTextBlock" xlink:to="cmre_FinanceLeaseObligationsCurrentAndNoncurrentTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_PercentageOfCommonStockOwnedByTheFamily" xlink:label="cmre_PercentageOfCommonStockOwnedByTheFamily" xlink:type="locator"/>
    <link:label xlink:label="cmre_PercentageOfCommonStockOwnedByTheFamily-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_PercentageOfCommonStockOwnedByTheFamily</link:label>
    <link:label xlink:label="cmre_PercentageOfCommonStockOwnedByTheFamily-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Percentage of Common Stock Owned by the Family</link:label>
    <link:label xlink:label="cmre_PercentageOfCommonStockOwnedByTheFamily-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Percentage of outstanding common shares owned directly or indirectly, by members of the Konstantakopoulos Family, at the end of the reporting period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_PercentageOfCommonStockOwnedByTheFamily" xlink:to="cmre_PercentageOfCommonStockOwnedByTheFamily-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Revenues" xlink:label="us-gaap_Revenues" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_Revenues-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Voyage revenue</link:label>
    <link:label xlink:label="us-gaap_Revenues-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Voyage revenue</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Revenues" xlink:to="us-gaap_Revenues-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InvestmentAgreedAmount" xlink:label="cmre_InvestmentAgreedAmount" xlink:type="locator"/>
    <link:label xlink:label="cmre_InvestmentAgreedAmount-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_InvestmentAgreedAmount</link:label>
    <link:label xlink:label="cmre_InvestmentAgreedAmount-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment, Agreed Amount</link:label>
    <link:label xlink:label="cmre_InvestmentAgreedAmount-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount agreed to invest.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InvestmentAgreedAmount" xlink:to="cmre_InvestmentAgreedAmount-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ComprehensiveIncomePolicyPolicyTextBlock" xlink:label="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive Income, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock" xlink:to="us-gaap_ComprehensiveIncomePolicyPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TwoInterestRateSwapAgreementsMember" xlink:label="cmre_TwoInterestRateSwapAgreementsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_TwoInterestRateSwapAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Two Interest Rate Swap Agreements [Member]</link:label>
    <link:label xlink:label="cmre_TwoInterestRateSwapAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Two forward based contracts in which two parties agree to swap periodic payments that are fixed at the outset of the swap contract with variable payments based on a market interest rate (index rate) over a specified period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TwoInterestRateSwapAgreementsMember" xlink:to="cmre_TwoInterestRateSwapAgreementsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccountsReceivableNetNoncurrent" xlink:label="us-gaap_AccountsReceivableNetNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccountsReceivableNetNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts receivable, net, non-current (Note 3)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNetNoncurrent" xlink:to="us-gaap_AccountsReceivableNetNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TerminationOfTheServiceContractWithoutCauseMember" xlink:label="cmre_TerminationOfTheServiceContractWithoutCauseMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_TerminationOfTheServiceContractWithoutCauseMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Termination of the Service Contract Without Cause [Member]</link:label>
    <link:label xlink:label="cmre_TerminationOfTheServiceContractWithoutCauseMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents termination of the service contract without cause.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TerminationOfTheServiceContractWithoutCauseMember" xlink:to="cmre_TerminationOfTheServiceContractWithoutCauseMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InterestRateSwapCrosscurrencyRateSwapAndInterestRateCapMember" xlink:label="cmre_InterestRateSwapCrosscurrencyRateSwapAndInterestRateCapMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_InterestRateSwapCrosscurrencyRateSwapAndInterestRateCapMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Swap, Cross-currency Rate Swap and Interest Rate Cap [Member]</link:label>
    <link:label xlink:label="cmre_InterestRateSwapCrosscurrencyRateSwapAndInterestRateCapMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents interest rate swap, cross-currency rate swap and interest rate cap.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InterestRateSwapCrosscurrencyRateSwapAndInterestRateCapMember" xlink:to="cmre_InterestRateSwapCrosscurrencyRateSwapAndInterestRateCapMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ThreeInterestRateSwapAgreementsMember" xlink:label="cmre_ThreeInterestRateSwapAgreementsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ThreeInterestRateSwapAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Three Interest Rate Swap Agreements [Member]</link:label>
    <link:label xlink:label="cmre_ThreeInterestRateSwapAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Three forward based contracts in which two parties agree to swap periodic payments that are fixed at the outset of the swap contract with variable payments based on a market interest rate (index rate) over a specified period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ThreeInterestRateSwapAgreementsMember" xlink:to="cmre_ThreeInterestRateSwapAgreementsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CarryingCapacityOfVesselsAtPeriodEndTEU" xlink:label="cmre_CarryingCapacityOfVesselsAtPeriodEndTEU" xlink:type="locator"/>
    <link:label xlink:label="cmre_CarryingCapacityOfVesselsAtPeriodEndTEU-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_CarryingCapacityOfVesselsAtPeriodEndTEU</link:label>
    <link:label xlink:label="cmre_CarryingCapacityOfVesselsAtPeriodEndTEU-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Carrying Capacity of Vessels at Period End (TEU)</link:label>
    <link:label xlink:label="cmre_CarryingCapacityOfVesselsAtPeriodEndTEU-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the carrying capacity of vessels in TEUs (twenty-foot equivalet units) as at the end of each reporting period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CarryingCapacityOfVesselsAtPeriodEndTEU" xlink:to="cmre_CarryingCapacityOfVesselsAtPeriodEndTEU-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfSubsidiaries" xlink:label="cmre_NumberOfSubsidiaries" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfSubsidiaries-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfSubsidiaries</link:label>
    <link:label xlink:label="cmre_NumberOfSubsidiaries-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Subsidiaries</link:label>
    <link:label xlink:label="cmre_NumberOfSubsidiaries-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of subsidiaries owned by the entity.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfSubsidiaries" xlink:to="cmre_NumberOfSubsidiaries-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SharesIssuedPricePerShare" xlink:label="us-gaap_SharesIssuedPricePerShare" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SharesIssuedPricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_SharesIssuedPricePerShare</link:label>
    <link:label xlink:label="us-gaap_SharesIssuedPricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Shares Issued, Price Per Share (in dollars per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesIssuedPricePerShare" xlink:to="us-gaap_SharesIssuedPricePerShare-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfVessels" xlink:label="cmre_NumberOfVessels" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfVessels-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfVessels</link:label>
    <link:label xlink:label="cmre_NumberOfVessels-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Vessels</link:label>
    <link:label xlink:label="cmre_NumberOfVessels-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the number of vessels owned and operated as at the end of each reporting period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfVessels" xlink:to="cmre_NumberOfVessels-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CommonStockIssuedToCostamareShippingServicesLTDMember" xlink:label="cmre_CommonStockIssuedToCostamareShippingServicesLTDMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_CommonStockIssuedToCostamareShippingServicesLTDMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock Issued to Costamare Shipping Services Ltd. [Member]</link:label>
    <link:label xlink:label="cmre_CommonStockIssuedToCostamareShippingServicesLTDMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding common stock issued for Costamare Shipping Services Ltd.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CommonStockIssuedToCostamareShippingServicesLTDMember" xlink:to="cmre_CommonStockIssuedToCostamareShippingServicesLTDMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetsCurrent" xlink:label="us-gaap_AssetsCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AssetsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Current assets</link:label>
    <link:label xlink:label="us-gaap_AssetsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_AssetsCurrent</link:label>
    <link:label xlink:label="us-gaap_AssetsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total current assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrent" xlink:to="us-gaap_AssetsCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetsNoncurrentAbstract" xlink:label="us-gaap_AssetsNoncurrentAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AssetsNoncurrentAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">OTHER NON-CURRENT ASSETS:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsNoncurrentAbstract" xlink:to="us-gaap_AssetsNoncurrentAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TermLoanValueMaintenanceClauses" xlink:label="cmre_TermLoanValueMaintenanceClauses" xlink:type="locator"/>
    <link:label xlink:label="cmre_TermLoanValueMaintenanceClauses-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_TermLoanValueMaintenanceClauses</link:label>
    <link:label xlink:label="cmre_TermLoanValueMaintenanceClauses-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Term Loan, Value Maintenance Clauses</link:label>
    <link:label xlink:label="cmre_TermLoanValueMaintenanceClauses-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The required fair market value of vessels in relation to the outstanding principal amount on loans.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TermLoanValueMaintenanceClauses" xlink:to="cmre_TermLoanValueMaintenanceClauses-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockholdersEquityNoteDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Stockholders' Equity Note Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityNoteDisclosureTextBlock" xlink:to="us-gaap_StockholdersEquityNoteDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ScheduleOfFinancingCostsTableTextBlock" xlink:label="cmre_ScheduleOfFinancingCostsTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_ScheduleOfFinancingCostsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Financing Costs [Table Text Block]</link:label>
    <link:label xlink:label="cmre_ScheduleOfFinancingCostsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The tabular disclosure of financing costs associated with outstanding debts.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ScheduleOfFinancingCostsTableTextBlock" xlink:to="cmre_ScheduleOfFinancingCostsTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DeferredFinanceCostsAdditions" xlink:label="cmre_DeferredFinanceCostsAdditions" xlink:type="locator"/>
    <link:label xlink:label="cmre_DeferredFinanceCostsAdditions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additions</link:label>
    <link:label xlink:label="cmre_DeferredFinanceCostsAdditions-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Finance costs that have been incurred and deferred during the period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DeferredFinanceCostsAdditions" xlink:to="cmre_DeferredFinanceCostsAdditions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CompensationRelatedCostsPolicyTextBlock" xlink:label="us-gaap_CompensationRelatedCostsPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CompensationRelatedCostsPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Compensation Related Costs, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CompensationRelatedCostsPolicyTextBlock" xlink:to="us-gaap_CompensationRelatedCostsPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DeferredFinanceCostsIncludingCaptialLeaseNetNoncurrent" xlink:label="cmre_DeferredFinanceCostsIncludingCaptialLeaseNetNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="cmre_DeferredFinanceCostsIncludingCaptialLeaseNetNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing costs, non-current portion</link:label>
    <link:label xlink:label="cmre_DeferredFinanceCostsIncludingCaptialLeaseNetNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount, after accumulated amortization, of debt and capital lease issuance costs classified as noncurrent.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DeferredFinanceCostsIncludingCaptialLeaseNetNoncurrent" xlink:to="cmre_DeferredFinanceCostsIncludingCaptialLeaseNetNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LongtermDebtGrossCurrentMaturities" xlink:label="cmre_LongtermDebtGrossCurrentMaturities" xlink:type="locator"/>
    <link:label xlink:label="cmre_LongtermDebtGrossCurrentMaturities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_LongtermDebtGrossCurrentMaturities</link:label>
    <link:label xlink:label="cmre_LongtermDebtGrossCurrentMaturities-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: Long-term debt current portion</link:label>
    <link:label xlink:label="cmre_LongtermDebtGrossCurrentMaturities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount, before unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LongtermDebtGrossCurrentMaturities" xlink:to="cmre_LongtermDebtGrossCurrentMaturities-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DeferredFinancingCostsIncludingCapitalLeaseNet" xlink:label="cmre_DeferredFinancingCostsIncludingCapitalLeaseNet" xlink:type="locator"/>
    <link:label xlink:label="cmre_DeferredFinancingCostsIncludingCapitalLeaseNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DeferredFinancingCostsIncludingCapitalLeaseNet</link:label>
    <link:label xlink:label="cmre_DeferredFinancingCostsIncludingCapitalLeaseNet-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance, at beginning of the period</link:label>
    <link:label xlink:label="cmre_DeferredFinancingCostsIncludingCapitalLeaseNet-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance, at end of the period</link:label>
    <link:label xlink:label="cmre_DeferredFinancingCostsIncludingCapitalLeaseNet-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount, after accumulated amortization, of debt and capital lease issuance costs.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DeferredFinancingCostsIncludingCapitalLeaseNet" xlink:to="cmre_DeferredFinancingCostsIncludingCapitalLeaseNet-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DeferredFinanceCostsIncludingCapitalLeasesNetCurrent" xlink:label="cmre_DeferredFinanceCostsIncludingCapitalLeasesNetCurrent" xlink:type="locator"/>
    <link:label xlink:label="cmre_DeferredFinanceCostsIncludingCapitalLeasesNetCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DeferredFinanceCostsIncludingCapitalLeasesNetCurrent</link:label>
    <link:label xlink:label="cmre_DeferredFinanceCostsIncludingCapitalLeasesNetCurrent-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: Current portion of financing costs</link:label>
    <link:label xlink:label="cmre_DeferredFinanceCostsIncludingCapitalLeasesNetCurrent-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount, after accumulated amortization, of debt and capital lease issuance costs classified as current.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DeferredFinanceCostsIncludingCapitalLeasesNetCurrent" xlink:to="cmre_DeferredFinanceCostsIncludingCapitalLeasesNetCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeAssetsCurrent" xlink:label="us-gaap_DerivativeAssetsCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeAssetsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of derivatives (Notes 20 and 21)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeAssetsCurrent" xlink:to="us-gaap_DerivativeAssetsCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtPolicyTextBlock" xlink:label="us-gaap_DebtPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtPolicyTextBlock" xlink:to="us-gaap_DebtPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PrepaidExpenseCurrent" xlink:label="us-gaap_PrepaidExpenseCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PrepaidExpenseCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Prepayments and other assets</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PrepaidExpenseCurrent" xlink:to="us-gaap_PrepaidExpenseCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" xlink:label="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock" xlink:to="us-gaap_ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock" xlink:label="us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock" xlink:to="us-gaap_ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InventoryNet" xlink:label="us-gaap_InventoryNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InventoryNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventories (Note 6)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryNet" xlink:to="us-gaap_InventoryNet-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AccruedCharterRevenue" xlink:label="cmre_AccruedCharterRevenue" xlink:type="locator"/>
    <link:label xlink:label="cmre_AccruedCharterRevenue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued charter revenue (Note 13)</link:label>
    <link:label xlink:label="cmre_AccruedCharterRevenue-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Current portion of revenue earned, but not collected, resulting from charter agreements providing for varying annual charter rates over their terms, which were accounted for on a straight-line basis at their average rates.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AccruedCharterRevenue" xlink:to="cmre_AccruedCharterRevenue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax" xlink:label="us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax</link:label>
    <link:label xlink:label="us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Voyage revenue</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax" xlink:to="us-gaap_RevenueFromContractWithCustomerIncludingAssessedTax-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DebtSecuritiesHeldToMaturityCreditLossExpense" xlink:label="cmre_DebtSecuritiesHeldToMaturityCreditLossExpense" xlink:type="locator"/>
    <link:label xlink:label="cmre_DebtSecuritiesHeldToMaturityCreditLossExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit loss provision</link:label>
    <link:label xlink:label="cmre_DebtSecuritiesHeldToMaturityCreditLossExpense-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of credit loss expense for debt securities, held to maturity.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DebtSecuritiesHeldToMaturityCreditLossExpense" xlink:to="cmre_DebtSecuritiesHeldToMaturityCreditLossExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_OtherThirdpartyManagersMember" xlink:label="cmre_OtherThirdpartyManagersMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_OtherThirdpartyManagersMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Third-party Managers [Member]</link:label>
    <link:label xlink:label="cmre_OtherThirdpartyManagersMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents other third-party managers.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_OtherThirdpartyManagersMember" xlink:to="cmre_OtherThirdpartyManagersMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease" xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease</link:label>
    <link:label xlink:label="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessel sales, transfers and other movements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease" xlink:to="us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipmentPeriodIncreaseDecrease-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease" xlink:label="us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease</link:label>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessel sales, transfers and other movements</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease" xlink:to="us-gaap_PropertyPlantAndEquipmentGrossPeriodIncreaseDecrease-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PropertyPlantAndEquipmentAdditions" xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PropertyPlantAndEquipmentAdditions</link:label>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentAdditions-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessel acquisitions, advances and other vessels&#8217; costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentAdditions" xlink:to="us-gaap_PropertyPlantAndEquipmentAdditions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_CumulativeEffectPeriodOfAdoptionDomain" xlink:label="srt_CumulativeEffectPeriodOfAdoptionDomain" xlink:type="locator"/>
    <link:label xlink:label="srt_CumulativeEffectPeriodOfAdoptionDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative Effect, Period of Adoption [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CumulativeEffectPeriodOfAdoptionDomain" xlink:to="srt_CumulativeEffectPeriodOfAdoptionDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:type="locator"/>
    <link:label xlink:label="srt_CumulativeEffectPeriodOfAdoptionAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative Effect, Period of Adoption [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CumulativeEffectPeriodOfAdoptionAxis" xlink:to="srt_CumulativeEffectPeriodOfAdoptionAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PropertyPlantAndEquipmentUsefulLife</link:label>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Useful Life (Year)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentUsefulLife" xlink:to="us-gaap_PropertyPlantAndEquipmentUsefulLife-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember" xlink:label="srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember" xlink:type="locator"/>
    <link:label xlink:label="srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cumulative Effect, Period of Adoption, Adjustment [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember" xlink:to="srt_CumulativeEffectPeriodOfAdoptionAdjustmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DueFromRelatedPartiesCurrent" xlink:label="us-gaap_DueFromRelatedPartiesCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DueFromRelatedPartiesCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Due from related parties (Note 3)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueFromRelatedPartiesCurrent" xlink:to="us-gaap_DueFromRelatedPartiesCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Segment Reporting Information, by Segment [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock" xlink:to="us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccountsReceivableNetCurrent" xlink:label="us-gaap_AccountsReceivableNetCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccountsReceivableNetCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts receivable, net (Note 3)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccountsReceivableNetCurrent" xlink:to="us-gaap_AccountsReceivableNetCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NumberOfReportableSegments" xlink:label="us-gaap_NumberOfReportableSegments" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NumberOfReportableSegments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NumberOfReportableSegments</link:label>
    <link:label xlink:label="us-gaap_NumberOfReportableSegments-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Reportable Segments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NumberOfReportableSegments" xlink:to="us-gaap_NumberOfReportableSegments-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RevenuesAbstract" xlink:label="us-gaap_RevenuesAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RevenuesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">REVENUES:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenuesAbstract" xlink:to="us-gaap_RevenuesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShortTermInvestments" xlink:label="us-gaap_ShortTermInvestments" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShortTermInvestments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Short-term investments (Note 5)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShortTermInvestments" xlink:to="us-gaap_ShortTermInvestments-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestAndDebtExpense" xlink:label="us-gaap_InterestAndDebtExpense" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestAndDebtExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_InterestAndDebtExpense</link:label>
    <link:label xlink:label="us-gaap_InterestAndDebtExpense-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Interest and finance costs (Note 18)</link:label>
    <link:label xlink:label="us-gaap_InterestAndDebtExpense-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:label xlink:label="us-gaap_InterestAndDebtExpense-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Interest and finance costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestAndDebtExpense" xlink:to="us-gaap_InterestAndDebtExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Property, Plant and Equipment, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock" xlink:to="us-gaap_PropertyPlantAndEquipmentPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentByTypeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Lived Tangible Asset [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentByTypeAxis" xlink:to="us-gaap_PropertyPlantAndEquipmentByTypeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NonoperatingIncomeExpense" xlink:label="us-gaap_NonoperatingIncomeExpense" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NonoperatingIncomeExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NonoperatingIncomeExpense</link:label>
    <link:label xlink:label="us-gaap_NonoperatingIncomeExpense-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total other expenses, net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NonoperatingIncomeExpense" xlink:to="us-gaap_NonoperatingIncomeExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SegmentReportingDisclosureTextBlock" xlink:label="us-gaap_SegmentReportingDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SegmentReportingDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segment Reporting Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentReportingDisclosureTextBlock" xlink:to="us-gaap_SegmentReportingDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentTypeDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Lived Tangible Asset [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentTypeDomain" xlink:to="us-gaap_PropertyPlantAndEquipmentTypeDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherNonoperatingIncome" xlink:label="us-gaap_OtherNonoperatingIncome" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherNonoperatingIncome-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other, net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherNonoperatingIncome" xlink:to="us-gaap_OtherNonoperatingIncome-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AssetsCurrentAbstract" xlink:label="us-gaap_AssetsCurrentAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AssetsCurrentAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CURRENT ASSETS:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AssetsCurrentAbstract" xlink:to="us-gaap_AssetsCurrentAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents</link:label>
    <link:label xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total cash, cash equivalents and restricted cash</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations</link:label>
    <link:label xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Cash, cash equivalents and restricted cash at beginning of the year</link:label>
    <link:label xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Cash, cash equivalents and restricted cash at end of the year</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InventoryPolicyTextBlock" xlink:label="us-gaap_InventoryPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InventoryPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Inventory, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InventoryPolicyTextBlock" xlink:to="us-gaap_InventoryPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SaleLeasebackTransactionHistoricalCost" xlink:label="us-gaap_SaleLeasebackTransactionHistoricalCost" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SaleLeasebackTransactionHistoricalCost-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_SaleLeasebackTransactionHistoricalCost</link:label>
    <link:label xlink:label="us-gaap_SaleLeasebackTransactionHistoricalCost-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction, Historical Cost</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SaleLeasebackTransactionHistoricalCost" xlink:to="us-gaap_SaleLeasebackTransactionHistoricalCost-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SaleLeasebackTransactionAccumulatedDepreciation" xlink:label="us-gaap_SaleLeasebackTransactionAccumulatedDepreciation" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SaleLeasebackTransactionAccumulatedDepreciation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_SaleLeasebackTransactionAccumulatedDepreciation</link:label>
    <link:label xlink:label="us-gaap_SaleLeasebackTransactionAccumulatedDepreciation-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction, Accumulated Depreciation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SaleLeasebackTransactionAccumulatedDepreciation" xlink:to="us-gaap_SaleLeasebackTransactionAccumulatedDepreciation-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InvestmentIncomeInterest" xlink:label="us-gaap_InvestmentIncomeInterest" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InvestmentIncomeInterest-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:label xlink:label="us-gaap_InvestmentIncomeInterest-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeInterest" xlink:to="us-gaap_InvestmentIncomeInterest-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InvestmentIncomeDividend" xlink:label="us-gaap_InvestmentIncomeDividend" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InvestmentIncomeDividend-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividend income (Note 5)</link:label>
    <link:label xlink:label="us-gaap_InvestmentIncomeDividend-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment Income, Dividend</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentIncomeDividend" xlink:to="us-gaap_InvestmentIncomeDividend-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SaleLeasebackTransactionNetBookValue" xlink:label="us-gaap_SaleLeasebackTransactionNetBookValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SaleLeasebackTransactionNetBookValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_SaleLeasebackTransactionNetBookValue</link:label>
    <link:label xlink:label="us-gaap_SaleLeasebackTransactionNetBookValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction, Net Book Value, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SaleLeasebackTransactionNetBookValue" xlink:to="us-gaap_SaleLeasebackTransactionNetBookValue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect</link:label>
    <link:label xlink:label="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net increase / (decrease) in cash, cash equivalents and restricted cash</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect" xlink:to="us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NetCashProvidedByUsedInFinancingActivities</link:label>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInFinancingActivities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Cash provided by / (used in) Financing Activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInFinancingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInFinancingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OperatingIncomeLoss" xlink:label="us-gaap_OperatingIncomeLoss" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OperatingIncomeLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_OperatingIncomeLoss</link:label>
    <link:label xlink:label="us-gaap_OperatingIncomeLoss-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Operating income</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OperatingIncomeLoss" xlink:to="us-gaap_OperatingIncomeLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NetCashProvidedByUsedInOperatingActivities</link:label>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Cash provided by Operating Activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NetCashProvidedByUsedInInvestingActivities</link:label>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net Cash provided by / (used in) in Investing Activities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivities" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativesPolicyTextBlock" xlink:label="us-gaap_DerivativesPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativesPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativesPolicyTextBlock" xlink:to="us-gaap_DerivativesPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ScheduleOfDerivativesInASC815CashFlowHedgingRelationshipsTableTextBlock" xlink:label="cmre_ScheduleOfDerivativesInASC815CashFlowHedgingRelationshipsTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_ScheduleOfDerivativesInASC815CashFlowHedgingRelationshipsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Derivatives In ASC 815 Cash Flow Hedging Relationships [Table Text Block]</link:label>
    <link:label xlink:label="cmre_ScheduleOfDerivativesInASC815CashFlowHedgingRelationshipsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the effective portion of the gains and losses on derivative instruments designated (and non-derivative instruments) designated and qualifying in cash flow hedges and net investment hedges that was recognized in other comprehensive income (loss) as well as the ineffective portion recognized in the income statement during the current period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ScheduleOfDerivativesInASC815CashFlowHedgingRelationshipsTableTextBlock" xlink:to="cmre_ScheduleOfDerivativesInASC815CashFlowHedgingRelationshipsTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_QuarterlyFeeToRelatedParties" xlink:label="cmre_QuarterlyFeeToRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="cmre_QuarterlyFeeToRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_QuarterlyFeeToRelatedParties</link:label>
    <link:label xlink:label="cmre_QuarterlyFeeToRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Quarterly Fee to Related Parties</link:label>
    <link:label xlink:label="cmre_QuarterlyFeeToRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Quarterly fee for services provided by Costamare Shipping and/ or Costamare Services as at period end.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_QuarterlyFeeToRelatedParties" xlink:to="cmre_QuarterlyFeeToRelatedParties-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SaleLeasebackTransactionNameDomain" xlink:label="us-gaap_SaleLeasebackTransactionNameDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SaleLeasebackTransactionNameDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction, Name [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SaleLeasebackTransactionNameDomain" xlink:to="us-gaap_SaleLeasebackTransactionNameDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ScheduleOfDerivativesNotDesignatedAsHedgingInstrumentsUnderASC815TableTextBlock" xlink:label="cmre_ScheduleOfDerivativesNotDesignatedAsHedgingInstrumentsUnderASC815TableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_ScheduleOfDerivativesNotDesignatedAsHedgingInstrumentsUnderASC815TableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Derivatives Not Designated as Hedging Instruments under ASC 815 [Table Text Block]</link:label>
    <link:label xlink:label="cmre_ScheduleOfDerivativesNotDesignatedAsHedgingInstrumentsUnderASC815TableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the gain and losses on derivative instruments not designated as hedging instruments that was recognized in the income statement during the current period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ScheduleOfDerivativesNotDesignatedAsHedgingInstrumentsUnderASC815TableTextBlock" xlink:to="cmre_ScheduleOfDerivativesNotDesignatedAsHedgingInstrumentsUnderASC815TableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SaleLeasebackTransactionDescriptionAxis" xlink:label="us-gaap_SaleLeasebackTransactionDescriptionAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SaleLeasebackTransactionDescriptionAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transaction, Description [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SaleLeasebackTransactionDescriptionAxis" xlink:to="us-gaap_SaleLeasebackTransactionDescriptionAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InvestmentPolicyTextBlock" xlink:label="us-gaap_InvestmentPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InvestmentPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InvestmentPolicyTextBlock" xlink:to="us-gaap_InvestmentPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_QuarterlyFeeToRelatedPartiesShares" xlink:label="cmre_QuarterlyFeeToRelatedPartiesShares" xlink:type="locator"/>
    <link:label xlink:label="cmre_QuarterlyFeeToRelatedPartiesShares-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_QuarterlyFeeToRelatedPartiesShares</link:label>
    <link:label xlink:label="cmre_QuarterlyFeeToRelatedPartiesShares-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Quarterly Fee to Related Parties, Shares (in shares)</link:label>
    <link:label xlink:label="cmre_QuarterlyFeeToRelatedPartiesShares-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Quarterly fee, in shares, for services provided by Costamare Shipping and/ or Costamare Services as at period end.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_QuarterlyFeeToRelatedPartiesShares" xlink:to="cmre_QuarterlyFeeToRelatedPartiesShares-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MarketableSecuritiesPolicy" xlink:label="us-gaap_MarketableSecuritiesPolicy" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_MarketableSecuritiesPolicy-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Marketable Securities, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MarketableSecuritiesPolicy" xlink:to="us-gaap_MarketableSecuritiesPolicy-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquityMethodInvestmentsPolicy" xlink:label="us-gaap_EquityMethodInvestmentsPolicy" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentsPolicy-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investments [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentsPolicy" xlink:to="us-gaap_EquityMethodInvestmentsPolicy-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ConcentrationRiskCreditRisk" xlink:label="us-gaap_ConcentrationRiskCreditRisk" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ConcentrationRiskCreditRisk-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Concentration Risk, Credit Risk, Policy [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ConcentrationRiskCreditRisk" xlink:to="us-gaap_ConcentrationRiskCreditRisk-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsOfDividends" xlink:label="us-gaap_PaymentsOfDividends" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PaymentsOfDividends-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PaymentsOfDividends</link:label>
    <link:label xlink:label="us-gaap_PaymentsOfDividends-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Dividends paid</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfDividends" xlink:to="us-gaap_PaymentsOfDividends-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:label="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock</link:label>
    <link:label xlink:label="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Retirement of preferred stock</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock" xlink:to="us-gaap_PaymentsForRepurchaseOfPreferredStockAndPreferenceStock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CostsAndExpensesAbstract" xlink:label="us-gaap_CostsAndExpensesAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CostsAndExpensesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">EXPENSES:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CostsAndExpensesAbstract" xlink:to="us-gaap_CostsAndExpensesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PaymentsForRepurchaseOfCommonStock</link:label>
    <link:label xlink:label="us-gaap_PaymentsForRepurchaseOfCommonStock-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repurchase of common stock</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForRepurchaseOfCommonStock" xlink:to="us-gaap_PaymentsForRepurchaseOfCommonStock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ScenarioUnspecifiedDomain" xlink:label="srt_ScenarioUnspecifiedDomain" xlink:type="locator"/>
    <link:label xlink:label="srt_ScenarioUnspecifiedDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScenarioUnspecifiedDomain" xlink:to="srt_ScenarioUnspecifiedDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_StatementScenarioAxis" xlink:label="srt_StatementScenarioAxis" xlink:type="locator"/>
    <link:label xlink:label="srt_StatementScenarioAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Scenario [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementScenarioAxis" xlink:to="srt_StatementScenarioAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DebtAgreementMaximumBorrowingCapacity" xlink:label="cmre_DebtAgreementMaximumBorrowingCapacity" xlink:type="locator"/>
    <link:label xlink:label="cmre_DebtAgreementMaximumBorrowingCapacity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DebtAgreementMaximumBorrowingCapacity</link:label>
    <link:label xlink:label="cmre_DebtAgreementMaximumBorrowingCapacity-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Agreement, Maximum Borrowing Capacity</link:label>
    <link:label xlink:label="cmre_DebtAgreementMaximumBorrowingCapacity-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Maximum borrowing capacity under a debt agreement on the amount that could be borrowed with a combination of, but not limited to, a line of credit and term loan.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DebtAgreementMaximumBorrowingCapacity" xlink:to="cmre_DebtAgreementMaximumBorrowingCapacity-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromMinorityShareholders" xlink:label="us-gaap_ProceedsFromMinorityShareholders" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ProceedsFromMinorityShareholders-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Initial redeemable non-controlling interest in subsidiary</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromMinorityShareholders" xlink:to="us-gaap_ProceedsFromMinorityShareholders-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsForProceedsFromHedgeFinancingActivities" xlink:label="us-gaap_PaymentsForProceedsFromHedgeFinancingActivities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PaymentsForProceedsFromHedgeFinancingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PaymentsForProceedsFromHedgeFinancingActivities</link:label>
    <link:label xlink:label="us-gaap_PaymentsForProceedsFromHedgeFinancingActivities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Swap termination</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsForProceedsFromHedgeFinancingActivities" xlink:to="us-gaap_PaymentsForProceedsFromHedgeFinancingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsOfFinancingCosts" xlink:label="us-gaap_PaymentsOfFinancingCosts" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PaymentsOfFinancingCosts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PaymentsOfFinancingCosts</link:label>
    <link:label xlink:label="us-gaap_PaymentsOfFinancingCosts-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Payment of financing costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsOfFinancingCosts" xlink:to="us-gaap_PaymentsOfFinancingCosts-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_IcfrAuditorAttestationFlag" xlink:label="dei_IcfrAuditorAttestationFlag" xlink:type="locator"/>
    <link:label xlink:label="dei_IcfrAuditorAttestationFlag-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_IcfrAuditorAttestationFlag" xlink:to="dei_IcfrAuditorAttestationFlag-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ComprehensiveIncomeNoteTextBlock" xlink:label="us-gaap_ComprehensiveIncomeNoteTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ComprehensiveIncomeNoteTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Comprehensive Income (Loss) Note [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNoteTextBlock" xlink:to="us-gaap_ComprehensiveIncomeNoteTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other comprehensive income:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract" xlink:to="us-gaap_OtherComprehensiveIncomeLossNetOfTaxPeriodIncreaseDecreaseAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_PreferredStockGainOnRetirement" xlink:label="cmre_PreferredStockGainOnRetirement" xlink:type="locator"/>
    <link:label xlink:label="cmre_PreferredStockGainOnRetirement-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Gain on retirement of Preferred Stock (Note 17)</link:label>
    <link:label xlink:label="cmre_PreferredStockGainOnRetirement-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of gain on retirement for preferred stock.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_PreferredStockGainOnRetirement" xlink:to="cmre_PreferredStockGainOnRetirement-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RepaymentsOfLongTermDebt" xlink:label="us-gaap_RepaymentsOfLongTermDebt" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RepaymentsOfLongTermDebt-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_RepaymentsOfLongTermDebt</link:label>
    <link:label xlink:label="us-gaap_RepaymentsOfLongTermDebt-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Repayments of Long-term Debt, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RepaymentsOfLongTermDebt" xlink:to="us-gaap_RepaymentsOfLongTermDebt-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities" xlink:label="us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities</link:label>
    <link:label xlink:label="us-gaap_RepaymentsOfLongTermDebtAndCapitalSecurities-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Repayment of long-term debt and finance leases</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesMember" xlink:to="us-gaap_DebtSecuritiesMember-label" xlink:type="arc"/>
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    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment, Nonconsolidated Investee [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis" xlink:to="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeAxis-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember" xlink:to="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeOrGroupOfInvesteesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:label="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:type="locator"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain" xlink:to="us-gaap_EquityMethodInvestmentNonconsolidatedInvesteeDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AuditorName" xlink:label="dei_AuditorName" xlink:type="locator"/>
    <link:label xlink:label="dei_AuditorName-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Name</link:label>
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    <link:label xlink:label="us-gaap_ContractReceivableDueThreeToFourYears-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">2026</link:label>
    <link:label xlink:label="us-gaap_ContractReceivableDueThreeToFourYears-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ContractReceivableDueThreeToFourYears</link:label>
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    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_AuditorFirmId" xlink:label="dei_AuditorFirmId" xlink:type="locator"/>
    <link:label xlink:label="dei_AuditorFirmId-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Auditor Firm ID</link:label>
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    <link:label xlink:label="us-gaap_ContractReceivableDueFourToFiveYears-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">2027</link:label>
    <link:label xlink:label="us-gaap_ContractReceivableDueFourToFiveYears-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ContractReceivableDueFourToFiveYears</link:label>
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    <link:label xlink:label="us-gaap_ContractReceivableDueOneYearOrLess-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">2023</link:label>
    <link:label xlink:label="us-gaap_ContractReceivableDueOneYearOrLess-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ContractReceivableDueOneYearOrLess</link:label>
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    <link:label xlink:label="us-gaap_ContractReceivableDueOneToTwoYears-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">2024</link:label>
    <link:label xlink:label="us-gaap_ContractReceivableDueOneToTwoYears-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ContractReceivableDueOneToTwoYears</link:label>
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    <link:label xlink:label="us-gaap_ContractReceivableDueTwoToThreeYears-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">2025</link:label>
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    <link:label xlink:label="us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss</link:label>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss" xlink:to="us-gaap_DebtSecuritiesHeldToMaturityAllowanceForCreditLoss-label" xlink:type="arc"/>
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    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesHeldToMaturityCreditLossExpenseReversal" xlink:to="us-gaap_DebtSecuritiesHeldToMaturityCreditLossExpenseReversal-label" xlink:type="arc"/>
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    <link:label xlink:label="us-gaap_DividendPayableDateToBePaidDayMonthAndYear-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DividendPayableDateToBePaidDayMonthAndYear</link:label>
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    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization</link:label>
    <link:label xlink:label="us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total fixed assets, net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization" xlink:to="us-gaap_PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AccountsReceivableNetNoncurrentMember" xlink:label="cmre_AccountsReceivableNetNoncurrentMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_AccountsReceivableNetNoncurrentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Receivable, Net, Noncurrent [Member]</link:label>
    <link:label xlink:label="cmre_AccountsReceivableNetNoncurrentMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to accounts receivable, net, noncurrent.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AccountsReceivableNetNoncurrentMember" xlink:to="cmre_AccountsReceivableNetNoncurrentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AccountsReceivableNetMember" xlink:label="cmre_AccountsReceivableNetMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_AccountsReceivableNetMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accounts Receivable, Net [Member]</link:label>
    <link:label xlink:label="cmre_AccountsReceivableNetMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to accounts receivable, net.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AccountsReceivableNetMember" xlink:to="cmre_AccountsReceivableNetMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementClassOfStockAxis" xlink:label="us-gaap_StatementClassOfStockAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StatementClassOfStockAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementClassOfStockAxis" xlink:to="us-gaap_StatementClassOfStockAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ClassOfStockDomain" xlink:label="us-gaap_ClassOfStockDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ClassOfStockDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Class of Stock [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ClassOfStockDomain" xlink:to="us-gaap_ClassOfStockDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock" xlink:to="us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SteadmanMaritimeCoGeyerMaritimeCoAndGoodwayMaritimeCoMember" xlink:label="cmre_SteadmanMaritimeCoGeyerMaritimeCoAndGoodwayMaritimeCoMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_SteadmanMaritimeCoGeyerMaritimeCoAndGoodwayMaritimeCoMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Steadman Maritime Co., Geyer Maritime Co. and Goodway Maritime Co. [Member]</link:label>
    <link:label xlink:label="cmre_SteadmanMaritimeCoGeyerMaritimeCoAndGoodwayMaritimeCoMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to investments.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SteadmanMaritimeCoGeyerMaritimeCoAndGoodwayMaritimeCoMember" xlink:to="cmre_SteadmanMaritimeCoGeyerMaritimeCoAndGoodwayMaritimeCoMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LoanAgreementToPurchaseVolansVulpeculaVelaAndJpoVirgoMember" xlink:label="cmre_LoanAgreementToPurchaseVolansVulpeculaVelaAndJpoVirgoMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LoanAgreementToPurchaseVolansVulpeculaVelaAndJpoVirgoMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Agreement to Purchase Volans, Vulpecula, Vela and JPO Virgo [Member]</link:label>
    <link:label xlink:label="cmre_LoanAgreementToPurchaseVolansVulpeculaVelaAndJpoVirgoMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to a loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LoanAgreementToPurchaseVolansVulpeculaVelaAndJpoVirgoMember" xlink:to="cmre_LoanAgreementToPurchaseVolansVulpeculaVelaAndJpoVirgoMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SecondLoanAgreementToRefinanceCostamareInc3Member" xlink:label="cmre_SecondLoanAgreementToRefinanceCostamareInc3Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_SecondLoanAgreementToRefinanceCostamareInc3Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Second Loan Agreement to Refinance Costamare Inc. 3 [Member]</link:label>
    <link:label xlink:label="cmre_SecondLoanAgreementToRefinanceCostamareInc3Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to a loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SecondLoanAgreementToRefinanceCostamareInc3Member" xlink:to="cmre_SecondLoanAgreementToRefinanceCostamareInc3Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LoanAgreementToRefinanceCostamareInc3Member" xlink:label="cmre_LoanAgreementToRefinanceCostamareInc3Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_LoanAgreementToRefinanceCostamareInc3Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Agreement to Refinance Costamare Inc. 3 [Member]</link:label>
    <link:label xlink:label="cmre_LoanAgreementToRefinanceCostamareInc3Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to a loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LoanAgreementToRefinanceCostamareInc3Member" xlink:to="cmre_LoanAgreementToRefinanceCostamareInc3Member-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeNotionalAmount" xlink:label="us-gaap_DerivativeNotionalAmount" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeNotionalAmount-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Notional amount</link:label>
    <link:label xlink:label="us-gaap_DerivativeNotionalAmount-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DerivativeNotionalAmount</link:label>
    <link:label xlink:label="us-gaap_DerivativeNotionalAmount-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative, Notional Amount</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeNotionalAmount" xlink:to="us-gaap_DerivativeNotionalAmount-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_HedgingRelationshipDomain" xlink:label="us-gaap_HedgingRelationshipDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_HedgingRelationshipDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging Relationship [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgingRelationshipDomain" xlink:to="us-gaap_HedgingRelationshipDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CashFlowHedgingMember" xlink:label="us-gaap_CashFlowHedgingMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CashFlowHedgingMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flow Hedging [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CashFlowHedgingMember" xlink:to="us-gaap_CashFlowHedgingMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearOne" xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearOne" xlink:type="locator"/>
    <link:label xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearOne-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearOne</link:label>
    <link:label xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearOne-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">2023</link:label>
    <link:label xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearOne-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of receivables under long-term contracts that have not been billed and were not billable that are expected to be collected in the first fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearOne" xlink:to="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearOne-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_StockRepurchasedAndRetiredDuringPeriodAveragePricePerShare" xlink:label="cmre_StockRepurchasedAndRetiredDuringPeriodAveragePricePerShare" xlink:type="locator"/>
    <link:label xlink:label="cmre_StockRepurchasedAndRetiredDuringPeriodAveragePricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_StockRepurchasedAndRetiredDuringPeriodAveragePricePerShare</link:label>
    <link:label xlink:label="cmre_StockRepurchasedAndRetiredDuringPeriodAveragePricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Repurchased and Retired During Period, Average Price Per Share (in dollars per share)</link:label>
    <link:label xlink:label="cmre_StockRepurchasedAndRetiredDuringPeriodAveragePricePerShare-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The average price per share of stock repurchased and retired during the period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_StockRepurchasedAndRetiredDuringPeriodAveragePricePerShare" xlink:to="cmre_StockRepurchasedAndRetiredDuringPeriodAveragePricePerShare-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeTaxDisclosureTextBlock" xlink:label="us-gaap_IncomeTaxDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeTaxDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Tax Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeTaxDisclosureTextBlock" xlink:to="us-gaap_IncomeTaxDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging Relationship [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis" xlink:to="us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss" xlink:label="us-gaap_DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss</link:label>
    <link:label xlink:label="us-gaap_DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Securities, Held-to-Maturity, Amortized Cost, after Allowance for Credit Loss, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss" xlink:to="us-gaap_DebtSecuritiesHeldToMaturityAmortizedCostAfterAllowanceForCreditLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_HedgingDesignationAxis" xlink:label="us-gaap_HedgingDesignationAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_HedgingDesignationAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging Designation [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgingDesignationAxis" xlink:to="us-gaap_HedgingDesignationAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_HedgingDesignationDomain" xlink:label="us-gaap_HedgingDesignationDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_HedgingDesignationDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hedging Designation [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_HedgingDesignationDomain" xlink:to="us-gaap_HedgingDesignationDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DesignatedAsHedgingInstrumentMember" xlink:label="us-gaap_DesignatedAsHedgingInstrumentMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DesignatedAsHedgingInstrumentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Designated as Hedging Instrument [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DesignatedAsHedgingInstrumentMember" xlink:to="us-gaap_DesignatedAsHedgingInstrumentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Maturities of Long-Term Debt [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock" xlink:to="us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ScheduleOfDebtTableTextBlock" xlink:label="us-gaap_ScheduleOfDebtTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ScheduleOfDebtTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule of Debt [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ScheduleOfDebtTableTextBlock" xlink:to="us-gaap_ScheduleOfDebtTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_BusinessCombinationConsiderationTransferred1" xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_BusinessCombinationConsiderationTransferred1</link:label>
    <link:label xlink:label="us-gaap_BusinessCombinationConsiderationTransferred1-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Consideration Transferred, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessCombinationConsiderationTransferred1" xlink:to="us-gaap_BusinessCombinationConsiderationTransferred1-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_October152019ToJanuary142020DividendsMember" xlink:label="cmre_October152019ToJanuary142020DividendsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_October152019ToJanuary142020DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">October 15, 2019 to January 14, 2020 Dividends [Member]</link:label>
    <link:label xlink:label="cmre_October152019ToJanuary142020DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to dividends.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_October152019ToJanuary142020DividendsMember" xlink:to="cmre_October152019ToJanuary142020DividendsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_January152020ToApril142020DividendsMember" xlink:label="cmre_January152020ToApril142020DividendsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_January152020ToApril142020DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">January 15, 2020 to April 14, 2020 Dividends [Member]</link:label>
    <link:label xlink:label="cmre_January152020ToApril142020DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to dividends.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_January152020ToApril142020DividendsMember" xlink:to="cmre_January152020ToApril142020DividendsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife</link:label>
    <link:label xlink:label="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Acquired Finite-lived Intangible Assets, Weighted Average Useful Life (Year)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife" xlink:to="us-gaap_AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InterestAndFinanceCostsMember" xlink:label="cmre_InterestAndFinanceCostsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_InterestAndFinanceCostsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest and Finance Costs [Member]</link:label>
    <link:label xlink:label="cmre_InterestAndFinanceCostsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to interest and finance costs.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InterestAndFinanceCostsMember" xlink:to="cmre_InterestAndFinanceCostsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AdjustmentsToRetainedEarningsStockRepurchasedAndRetiredDuringPeriod" xlink:label="cmre_AdjustmentsToRetainedEarningsStockRepurchasedAndRetiredDuringPeriod" xlink:type="locator"/>
    <link:label xlink:label="cmre_AdjustmentsToRetainedEarningsStockRepurchasedAndRetiredDuringPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AdjustmentsToRetainedEarningsStockRepurchasedAndRetiredDuringPeriod</link:label>
    <link:label xlink:label="cmre_AdjustmentsToRetainedEarningsStockRepurchasedAndRetiredDuringPeriod-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">- Retirement of Preferred Stock (Note 16)</link:label>
    <link:label xlink:label="cmre_AdjustmentsToRetainedEarningsStockRepurchasedAndRetiredDuringPeriod-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of adjustments to retained earnings for stock repurchased and retired during the period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AdjustmentsToRetainedEarningsStockRepurchasedAndRetiredDuringPeriod" xlink:to="cmre_AdjustmentsToRetainedEarningsStockRepurchasedAndRetiredDuringPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired</link:label>
    <link:label xlink:label="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Acquisition, Percentage of Voting Interests Acquired</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired" xlink:to="us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities" xlink:label="us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt securities capital redemption</link:label>
    <link:label xlink:label="us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from Maturities, Prepayments and Calls of Held-to-maturity Securities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities" xlink:to="us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfHeldToMaturitySecurities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PaymentsToAcquireInvestments" xlink:label="us-gaap_PaymentsToAcquireInvestments" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PaymentsToAcquireInvestments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PaymentsToAcquireInvestments</link:label>
    <link:label xlink:label="us-gaap_PaymentsToAcquireInvestments-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Payments to acquire short-term investments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PaymentsToAcquireInvestments" xlink:to="us-gaap_PaymentsToAcquireInvestments-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_MajorCustomersABCDAndEMember" xlink:label="cmre_MajorCustomersABCDAndEMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_MajorCustomersABCDAndEMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Major Customers A, B, C, D and E [Member]</link:label>
    <link:label xlink:label="cmre_MajorCustomersABCDAndEMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents major customer A, B, C, D and E.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_MajorCustomersABCDAndEMember" xlink:to="cmre_MajorCustomersABCDAndEMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments" xlink:label="us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Settlements of short-term investments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments" xlink:to="us-gaap_ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RevolvingCreditFacilityMember" xlink:label="us-gaap_RevolvingCreditFacilityMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RevolvingCreditFacilityMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revolving Credit Facility [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevolvingCreditFacilityMember" xlink:to="us-gaap_RevolvingCreditFacilityMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CreditFacilityAxis" xlink:label="us-gaap_CreditFacilityAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CreditFacilityAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityAxis" xlink:to="us-gaap_CreditFacilityAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CreditFacilityDomain" xlink:label="us-gaap_CreditFacilityDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CreditFacilityDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Credit Facility [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CreditFacilityDomain" xlink:to="us-gaap_CreditFacilityDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:label="us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NoncashInvestingAndFinancingItemsAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Non-Cash Investing and Financing Activities:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NoncashInvestingAndFinancingItemsAbstract" xlink:to="us-gaap_NoncashInvestingAndFinancingItemsAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ServiceAgreementsMember" xlink:label="us-gaap_ServiceAgreementsMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ServiceAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Service Agreements [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ServiceAgreementsMember" xlink:to="us-gaap_ServiceAgreementsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SupplementalCashFlowInformationAbstract" xlink:label="us-gaap_SupplementalCashFlowInformationAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SupplementalCashFlowInformationAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Supplemental Cash Information:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SupplementalCashFlowInformationAbstract" xlink:to="us-gaap_SupplementalCashFlowInformationAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebtFairValue" xlink:label="us-gaap_LongTermDebtFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongTermDebtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LongTermDebtFairValue</link:label>
    <link:label xlink:label="us-gaap_LongTermDebtFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Fair Value</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtFairValue" xlink:to="us-gaap_LongTermDebtFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VShipsGreeceLtdMember" xlink:label="cmre_VShipsGreeceLtdMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_VShipsGreeceLtdMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">V.Ships Greece Ltd. [Member]</link:label>
    <link:label xlink:label="cmre_VShipsGreeceLtdMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to V.Ships Greece Ltd.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VShipsGreeceLtdMember" xlink:to="cmre_VShipsGreeceLtdMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic</link:label>
    <link:label xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net income / (loss) available to Common Stockholders</link:label>
    <link:label xlink:label="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income / (loss) available to common stockholders</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic" xlink:to="us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PreferredStockDividendsAndOtherAdjustments" xlink:label="us-gaap_PreferredStockDividendsAndOtherAdjustments" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PreferredStockDividendsAndOtherAdjustments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_PreferredStockDividendsAndOtherAdjustments</link:label>
    <link:label xlink:label="us-gaap_PreferredStockDividendsAndOtherAdjustments-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Earnings allocated to Preferred Stock (Note 17)</link:label>
    <link:label xlink:label="us-gaap_PreferredStockDividendsAndOtherAdjustments-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: paid and accrued earnings allocated to Preferred Stock</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockDividendsAndOtherAdjustments" xlink:to="us-gaap_PreferredStockDividendsAndOtherAdjustments-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetIncomeLoss" xlink:label="us-gaap_NetIncomeLoss" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetIncomeLoss-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Net income</link:label>
    <link:label xlink:label="us-gaap_NetIncomeLoss-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_NetIncomeLoss</link:label>
    <link:label xlink:label="us-gaap_NetIncomeLoss-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Net income attributable to Costamare Inc.</link:label>
    <link:label xlink:label="us-gaap_NetIncomeLoss-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Net income attributable to Costamare Inc.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetIncomeLoss" xlink:to="us-gaap_NetIncomeLoss-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromInsuranceSettlementInvestingActivities" xlink:label="us-gaap_ProceedsFromInsuranceSettlementInvestingActivities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ProceedsFromInsuranceSettlementInvestingActivities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from the settlement of insurance claims</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromInsuranceSettlementInvestingActivities" xlink:to="us-gaap_ProceedsFromInsuranceSettlementInvestingActivities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi" xlink:label="us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Proceeds from sale of equity securities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi" xlink:to="us-gaap_ProceedsFromSaleOfEquitySecuritiesFvNi-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_UnsecuredDebtMember" xlink:label="us-gaap_UnsecuredDebtMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_UnsecuredDebtMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unsecured Debt [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnsecuredDebtMember" xlink:to="us-gaap_UnsecuredDebtMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongtermDebtTypeAxis" xlink:label="us-gaap_LongtermDebtTypeAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongtermDebtTypeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Type [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeAxis" xlink:to="us-gaap_LongtermDebtTypeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongtermDebtTypeDomain" xlink:label="us-gaap_LongtermDebtTypeDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongtermDebtTypeDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Type [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtTypeDomain" xlink:to="us-gaap_LongtermDebtTypeDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentOwnershipPercentage-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Participation percentage</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentOwnershipPercentage" xlink:to="us-gaap_EquityMethodInvestmentOwnershipPercentage-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VesselsUnderTimeCharter" xlink:label="cmre_VesselsUnderTimeCharter" xlink:type="locator"/>
    <link:label xlink:label="cmre_VesselsUnderTimeCharter-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_VesselsUnderTimeCharter</link:label>
    <link:label xlink:label="cmre_VesselsUnderTimeCharter-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Vessels Under Time Charter</link:label>
    <link:label xlink:label="cmre_VesselsUnderTimeCharter-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of vessels under time charter.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VesselsUnderTimeCharter" xlink:to="cmre_VesselsUnderTimeCharter-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows From Investing Activities:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:label="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty</link:label>
    <link:label xlink:label="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party Transaction, Selling, General and Administrative Expenses from Transactions with Related Party</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty" xlink:to="us-gaap_RelatedPartyTransactionSellingGeneralAndAdministrativeExpensesFromTransactionsWithRelatedParty-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FinancingArrangementsMember" xlink:label="cmre_FinancingArrangementsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_FinancingArrangementsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financing Arrangements [Member]</link:label>
    <link:label xlink:label="cmre_FinancingArrangementsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to financing arrangements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FinancingArrangementsMember" xlink:to="cmre_FinancingArrangementsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TrancheAMember" xlink:label="cmre_TrancheAMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_TrancheAMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche A [Member]</link:label>
    <link:label xlink:label="cmre_TrancheAMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to Tranche A.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TrancheAMember" xlink:to="cmre_TrancheAMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TrancheBMember" xlink:label="cmre_TrancheBMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_TrancheBMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Tranche B [Member]</link:label>
    <link:label xlink:label="cmre_TrancheBMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to Tranche B.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TrancheBMember" xlink:to="cmre_TrancheBMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ThreeTranchesPerTrancheInfoMember" xlink:label="cmre_ThreeTranchesPerTrancheInfoMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ThreeTranchesPerTrancheInfoMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Three Tranches Per Tranche Info [Member]</link:label>
    <link:label xlink:label="cmre_ThreeTranchesPerTrancheInfoMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to three tranches per tranche info.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ThreeTranchesPerTrancheInfoMember" xlink:to="cmre_ThreeTranchesPerTrancheInfoMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EarningsPerShareTextBlock" xlink:label="us-gaap_EarningsPerShareTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EarningsPerShareTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Earnings Per Share [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EarningsPerShareTextBlock" xlink:to="us-gaap_EarningsPerShareTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInOtherOperatingLiabilities</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other current liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities" xlink:to="us-gaap_IncreaseDecreaseInOtherOperatingLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CapetanissaMaritimeCorporationEtAlMember" xlink:label="cmre_CapetanissaMaritimeCorporationEtAlMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_CapetanissaMaritimeCorporationEtAlMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Capetanissa Maritime Corporation et al. [Member]</link:label>
    <link:label xlink:label="cmre_CapetanissaMaritimeCorporationEtAlMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to debt.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CapetanissaMaritimeCorporationEtAlMember" xlink:to="cmre_CapetanissaMaritimeCorporationEtAlMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:label="us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RelatedPartyTransactionAmountsOfTransaction-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_RelatedPartyTransactionAmountsOfTransaction</link:label>
    <link:label xlink:label="us-gaap_RelatedPartyTransactionAmountsOfTransaction-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Related Party Transaction, Amounts of Transaction</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionAmountsOfTransaction" xlink:to="us-gaap_RelatedPartyTransactionAmountsOfTransaction-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DeferredFinanceCostsGross" xlink:label="us-gaap_DeferredFinanceCostsGross" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredFinanceCostsGross-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredFinanceCostsGross</link:label>
    <link:label xlink:label="us-gaap_DeferredFinanceCostsGross-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less: Deferred financing costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsGross" xlink:to="us-gaap_DeferredFinanceCostsGross-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IntersegmentEliminationMember" xlink:label="us-gaap_IntersegmentEliminationMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IntersegmentEliminationMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Intersegment Eliminations [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IntersegmentEliminationMember" xlink:to="us-gaap_IntersegmentEliminationMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RelatedPartyTransactionsDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party Transactions Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsDisclosureTextBlock" xlink:to="us-gaap_RelatedPartyTransactionsDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInAccruedLiabilities</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInAccruedLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccruedLiabilities" xlink:to="us-gaap_IncreaseDecreaseInAccruedLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FairValueOfVesselsAtReportingPeriod" xlink:label="cmre_FairValueOfVesselsAtReportingPeriod" xlink:type="locator"/>
    <link:label xlink:label="cmre_FairValueOfVesselsAtReportingPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_FairValueOfVesselsAtReportingPeriod</link:label>
    <link:label xlink:label="cmre_FairValueOfVesselsAtReportingPeriod-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Fair Value of Vessels at Reporting Period</link:label>
    <link:label xlink:label="cmre_FairValueOfVesselsAtReportingPeriod-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The fair value of specific number of vessels at reporting period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FairValueOfVesselsAtReportingPeriod" xlink:to="cmre_FairValueOfVesselsAtReportingPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInAccountsPayable" xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInAccountsPayable</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInAccountsPayable-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accounts payable</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsPayable" xlink:to="us-gaap_IncreaseDecreaseInAccountsPayable-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_CY" xlink:label="country_CY" xlink:type="locator"/>
    <link:label xlink:label="country_CY-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">CYPRUS</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CY" xlink:to="country_CY-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption, Period [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodAxis" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:label="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentRedemptionPeriodDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Redemption, Period [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentRedemptionPeriodDomain" xlink:to="us-gaap_DebtInstrumentRedemptionPeriodDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInDueToRelatedParties" xlink:label="us-gaap_IncreaseDecreaseInDueToRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInDueToRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInDueToRelatedParties</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInDueToRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due to related parties</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDueToRelatedParties" xlink:to="us-gaap_IncreaseDecreaseInDueToRelatedParties-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ComprehensiveIncomeNetOfTax" xlink:label="us-gaap_ComprehensiveIncomeNetOfTax" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ComprehensiveIncomeNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ComprehensiveIncomeNetOfTax</link:label>
    <link:label xlink:label="us-gaap_ComprehensiveIncomeNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total comprehensive income for the year attributable to Costamare Inc.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ComprehensiveIncomeNetOfTax" xlink:to="us-gaap_ComprehensiveIncomeNetOfTax-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentPeriodicPayment" xlink:label="us-gaap_DebtInstrumentPeriodicPayment" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentPeriodicPayment-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DebtInstrumentPeriodicPayment</link:label>
    <link:label xlink:label="us-gaap_DebtInstrumentPeriodicPayment-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Periodic Payment, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentPeriodicPayment" xlink:to="us-gaap_DebtInstrumentPeriodicPayment-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:label="us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid</link:label>
    <link:label xlink:label="us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid" xlink:to="us-gaap_DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_TreasuryStockSharesAcquired" xlink:label="us-gaap_TreasuryStockSharesAcquired" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_TreasuryStockSharesAcquired-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_TreasuryStockSharesAcquired</link:label>
    <link:label xlink:label="us-gaap_TreasuryStockSharesAcquired-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury Stock, Shares, Acquired (in shares)</link:label>
    <link:label xlink:label="us-gaap_TreasuryStockSharesAcquired-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">- Repurchase of common stock (Note 16) (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockSharesAcquired" xlink:to="us-gaap_TreasuryStockSharesAcquired-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongtermDebtWeightedAverageInterestRate" xlink:label="us-gaap_LongtermDebtWeightedAverageInterestRate" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongtermDebtWeightedAverageInterestRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LongtermDebtWeightedAverageInterestRate</link:label>
    <link:label xlink:label="us-gaap_LongtermDebtWeightedAverageInterestRate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Weighted Average Interest Rate, at Point in Time</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongtermDebtWeightedAverageInterestRate" xlink:to="us-gaap_LongtermDebtWeightedAverageInterestRate-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SharesOutstanding" xlink:label="us-gaap_SharesOutstanding" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_SharesOutstanding</link:label>
    <link:label xlink:label="us-gaap_SharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance (in shares)</link:label>
    <link:label xlink:label="us-gaap_SharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SharesOutstanding" xlink:to="us-gaap_SharesOutstanding-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockSharesOutstanding" xlink:label="us-gaap_CommonStockSharesOutstanding" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommonStockSharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_CommonStockSharesOutstanding</link:label>
    <link:label xlink:label="us-gaap_CommonStockSharesOutstanding-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common Stock, Shares, Outstanding, Ending Balance (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesOutstanding" xlink:to="us-gaap_CommonStockSharesOutstanding-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentInterestRateDuringPeriod" xlink:label="us-gaap_DebtInstrumentInterestRateDuringPeriod" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentInterestRateDuringPeriod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DebtInstrumentInterestRateDuringPeriod</link:label>
    <link:label xlink:label="us-gaap_DebtInstrumentInterestRateDuringPeriod-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate During Period</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateDuringPeriod" xlink:to="us-gaap_DebtInstrumentInterestRateDuringPeriod-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DebtInstrumentInterestRateStatedPercentage</link:label>
    <link:label xlink:label="us-gaap_DebtInstrumentInterestRateStatedPercentage-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Interest Rate, Stated Percentage</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentInterestRateStatedPercentage" xlink:to="us-gaap_DebtInstrumentInterestRateStatedPercentage-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentFairValue" xlink:label="us-gaap_DebtInstrumentFairValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentFairValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DebtInstrumentFairValue</link:label>
    <link:label xlink:label="us-gaap_DebtInstrumentFairValue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Fair Value Disclosure, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFairValue" xlink:to="us-gaap_DebtInstrumentFairValue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:label="us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInPrepaidExpense-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInPrepaidExpense</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInPrepaidExpense-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Prepayments and other</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInPrepaidExpense" xlink:to="us-gaap_IncreaseDecreaseInPrepaidExpense-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentFaceAmount" xlink:label="us-gaap_DebtInstrumentFaceAmount" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentFaceAmount-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DebtInstrumentFaceAmount</link:label>
    <link:label xlink:label="us-gaap_DebtInstrumentFaceAmount-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Debt Instrument, Face Amount</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentFaceAmount" xlink:to="us-gaap_DebtInstrumentFaceAmount-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DividendsCommonStockCash" xlink:label="us-gaap_DividendsCommonStockCash" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DividendsCommonStockCash-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DividendsCommonStockCash</link:label>
    <link:label xlink:label="us-gaap_DividendsCommonStockCash-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends, Common Stock, Cash</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsCommonStockCash" xlink:to="us-gaap_DividendsCommonStockCash-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DividendsPreferredStockCash" xlink:label="us-gaap_DividendsPreferredStockCash" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DividendsPreferredStockCash-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DividendsPreferredStockCash</link:label>
    <link:label xlink:label="us-gaap_DividendsPreferredStockCash-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends, Preferred Stock, Cash</link:label>
    <link:label xlink:label="us-gaap_DividendsPreferredStockCash-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">- Dividends &#8211; Preferred stock (Note 16)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPreferredStockCash" xlink:to="us-gaap_DividendsPreferredStockCash-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_LR" xlink:label="country_LR" xlink:type="locator"/>
    <link:label xlink:label="country_LR-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">LIBERIA</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_LR" xlink:to="country_LR-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DividendsPreferredStock" xlink:label="us-gaap_DividendsPreferredStock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DividendsPreferredStock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DividendsPreferredStock</link:label>
    <link:label xlink:label="us-gaap_DividendsPreferredStock-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dividends, Preferred Stock, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsPreferredStock" xlink:to="us-gaap_DividendsPreferredStock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentAxis" xlink:label="us-gaap_DebtInstrumentAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentAxis" xlink:to="us-gaap_DebtInstrumentAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentNameDomain" xlink:label="us-gaap_DebtInstrumentNameDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentNameDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Debt Instrument, Name [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentNameDomain" xlink:to="us-gaap_DebtInstrumentNameDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DividendsCommonStock" xlink:label="us-gaap_DividendsCommonStock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DividendsCommonStock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DividendsCommonStock</link:label>
    <link:label xlink:label="us-gaap_DividendsCommonStock-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">- Dividends &#8211; Common stock (Note 16)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DividendsCommonStock" xlink:to="us-gaap_DividendsCommonStock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/country/2022/country-2022.xsd#country_MH" xlink:label="country_MH" xlink:type="locator"/>
    <link:label xlink:label="country_MH-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MARSHALL ISLANDS</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_MH" xlink:to="country_MH-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInAccountsReceivable</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInAccountsReceivable-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Accounts receivable</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInAccountsReceivable" xlink:to="us-gaap_IncreaseDecreaseInAccountsReceivable-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueByLiabilityClassAxis" xlink:label="us-gaap_FairValueByLiabilityClassAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueByLiabilityClassAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Liability Class [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByLiabilityClassAxis" xlink:to="us-gaap_FairValueByLiabilityClassAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value by Liability Class [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain" xlink:to="us-gaap_FairValueLiabilitiesMeasuredOnRecurringBasisUnobservableInputReconciliationByLiabilityClassDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInInsuranceSettlementsReceivable" xlink:label="us-gaap_IncreaseDecreaseInInsuranceSettlementsReceivable" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInInsuranceSettlementsReceivable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInInsuranceSettlementsReceivable</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInInsuranceSettlementsReceivable-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Insurance claims receivable</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInInsuranceSettlementsReceivable" xlink:to="us-gaap_IncreaseDecreaseInInsuranceSettlementsReceivable-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_TreasuryStockValueAcquiredCostMethod</link:label>
    <link:label xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Treasury Stock, Value, Acquired, Cost Method</link:label>
    <link:label xlink:label="us-gaap_TreasuryStockValueAcquiredCostMethod-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">- Repurchase of common stock (Note 16)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockValueAcquiredCostMethod" xlink:to="us-gaap_TreasuryStockValueAcquiredCostMethod-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInDueFromRelatedParties" xlink:label="us-gaap_IncreaseDecreaseInDueFromRelatedParties" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInDueFromRelatedParties-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInDueFromRelatedParties</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInDueFromRelatedParties-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Due from related parties</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDueFromRelatedParties" xlink:to="us-gaap_IncreaseDecreaseInDueFromRelatedParties-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_TreasuryStockValue" xlink:label="us-gaap_TreasuryStockValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_TreasuryStockValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_TreasuryStockValue</link:label>
    <link:label xlink:label="us-gaap_TreasuryStockValue-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Treasury stock (Note 16)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockValue" xlink:to="us-gaap_TreasuryStockValue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodValue" xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_StockRepurchasedAndRetiredDuringPeriodValue</link:label>
    <link:label xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">- Retirement of Preferred Stock (Note 16)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue" xlink:to="us-gaap_StockRepurchasedAndRetiredDuringPeriodValue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockRepurchasedAndRetiredDuringPeriodShares" xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_StockRepurchasedAndRetiredDuringPeriodShares</link:label>
    <link:label xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Repurchased and Retired During Period, Shares (in shares)</link:label>
    <link:label xlink:label="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">- Retirement of Preferred Stock (Note 16) (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares" xlink:to="us-gaap_StockRepurchasedAndRetiredDuringPeriodShares-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan" xlink:label="us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividend reinvested in common stock of the Company</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan" xlink:to="us-gaap_StockIssuedDuringPeriodValueDividendReinvestmentPlan-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan" xlink:label="us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan</link:label>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Issued During Period, Shares, Dividend Reinvestment Plan (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan" xlink:to="us-gaap_StockIssuedDuringPeriodSharesDividendReinvestmentPlan-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebtTextBlock" xlink:label="us-gaap_LongTermDebtTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongTermDebtTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-Term Debt [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtTextBlock" xlink:to="us-gaap_LongTermDebtTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInInventories" xlink:label="us-gaap_IncreaseDecreaseInInventories" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInInventories-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInInventories</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInInventories-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Inventories</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInInventories" xlink:to="us-gaap_IncreaseDecreaseInInventories-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockDividendsShares" xlink:label="us-gaap_CommonStockDividendsShares" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommonStockDividendsShares-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_CommonStockDividendsShares</link:label>
    <link:label xlink:label="us-gaap_CommonStockDividendsShares-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common Stock Dividends, Shares (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockDividendsShares" xlink:to="us-gaap_CommonStockDividendsShares-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity</link:label>
    <link:label xlink:label="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Line of Credit Facility, Maximum Borrowing Capacity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity" xlink:to="us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis" xlink:to="us-gaap_RelatedPartyTransactionsByRelatedPartyAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RelatedPartyDomain" xlink:label="us-gaap_RelatedPartyDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RelatedPartyDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Related Party [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RelatedPartyDomain" xlink:to="us-gaap_RelatedPartyDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">- Issuance of common stock (Notes 3 and 16) (in shares)</link:label>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesNewIssues-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Issued During Period, Shares, New Issues (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodSharesNewIssues-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockIssuedDuringPeriodSharesIssuedForServices" xlink:label="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_StockIssuedDuringPeriodSharesIssuedForServices</link:label>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Issued During Period, Shares, Issued for Services (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices" xlink:to="us-gaap_StockIssuedDuringPeriodSharesIssuedForServices-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilitiesAndStockholdersEquity" xlink:label="us-gaap_LiabilitiesAndStockholdersEquity" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LiabilitiesAndStockholdersEquity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LiabilitiesAndStockholdersEquity</link:label>
    <link:label xlink:label="us-gaap_LiabilitiesAndStockholdersEquity-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities and stockholders&#8217; equity</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesAndStockholdersEquity" xlink:to="us-gaap_LiabilitiesAndStockholdersEquity-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockIssuedDuringPeriodValueNewIssues-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">- Issuance of common stock (Notes 3 and 16)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockIssuedDuringPeriodValueNewIssues" xlink:to="us-gaap_StockIssuedDuringPeriodValueNewIssues-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RetainedEarningsAccumulatedDeficit" xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RetainedEarningsAccumulatedDeficit-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained earnings</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsAccumulatedDeficit" xlink:to="us-gaap_RetainedEarningsAccumulatedDeficit-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated other comprehensive income / (loss) (Notes 20 and 22)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Changes in operating assets and liabilities:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract" xlink:to="us-gaap_IncreaseDecreaseInOperatingCapitalAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FinanceLeaseLiabilityNoncurrent" xlink:label="us-gaap_FinanceLeaseLiabilityNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FinanceLeaseLiabilityNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Finance lease liabilities, net of current portion (Note 12)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiabilityNoncurrent" xlink:to="us-gaap_FinanceLeaseLiabilityNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:label="us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentDividendsOrDistributions-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dividend from equity method investees</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentDividendsOrDistributions" xlink:to="us-gaap_EquityMethodInvestmentDividendsOrDistributions-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FinanceLeaseLiability" xlink:label="us-gaap_FinanceLeaseLiability" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FinanceLeaseLiability-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_FinanceLeaseLiability</link:label>
    <link:label xlink:label="us-gaap_FinanceLeaseLiability-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total Finance lease liability</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseLiability" xlink:to="us-gaap_FinanceLeaseLiability-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FinanceLeaseRightOfUseAsset" xlink:label="us-gaap_FinanceLeaseRightOfUseAsset" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FinanceLeaseRightOfUseAsset-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Right-of-use assets (Note 12)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FinanceLeaseRightOfUseAsset" xlink:to="us-gaap_FinanceLeaseRightOfUseAsset-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_UnrealizedGainLossOnInvestments" xlink:label="us-gaap_UnrealizedGainLossOnInvestments" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_UnrealizedGainLossOnInvestments-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_UnrealizedGainLossOnInvestments</link:label>
    <link:label xlink:label="us-gaap_UnrealizedGainLossOnInvestments-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Increase in short-term investments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnrealizedGainLossOnInvestments" xlink:to="us-gaap_UnrealizedGainLossOnInvestments-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LoanAgreementToPartiallyRefinanceTermLoanMember" xlink:label="cmre_LoanAgreementToPartiallyRefinanceTermLoanMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LoanAgreementToPartiallyRefinanceTermLoanMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Agreement to Partially Refinance Term Loan [Member]</link:label>
    <link:label xlink:label="cmre_LoanAgreementToPartiallyRefinanceTermLoanMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the partial refinance of term loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LoanAgreementToPartiallyRefinanceTermLoanMember" xlink:to="cmre_LoanAgreementToPartiallyRefinanceTermLoanMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AdeleShippingCoLoanAgreementMember" xlink:label="cmre_AdeleShippingCoLoanAgreementMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_AdeleShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adele Shipping Co Loan Agreement [Member]</link:label>
    <link:label xlink:label="cmre_AdeleShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Adele Shipping Co loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AdeleShippingCoLoanAgreementMember" xlink:to="cmre_AdeleShippingCoLoanAgreementMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BastianShippingCoAndCadenceShippingCoLoanAgreementMember" xlink:label="cmre_BastianShippingCoAndCadenceShippingCoLoanAgreementMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_BastianShippingCoAndCadenceShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bastian Shipping Co and Cadence Shipping Co Loan Agreement [Member]</link:label>
    <link:label xlink:label="cmre_BastianShippingCoAndCadenceShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Bastian Shipping Co and Cadence Shipping Co loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BastianShippingCoAndCadenceShippingCoLoanAgreementMember" xlink:to="cmre_BastianShippingCoAndCadenceShippingCoLoanAgreementMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ShareBasedCompensation" xlink:label="us-gaap_ShareBasedCompensation" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ShareBasedCompensation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity based payments</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ShareBasedCompensation" xlink:to="us-gaap_ShareBasedCompensation-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SaleAndLeasebackTransactionAdditionalAmount" xlink:label="cmre_SaleAndLeasebackTransactionAdditionalAmount" xlink:type="locator"/>
    <link:label xlink:label="cmre_SaleAndLeasebackTransactionAdditionalAmount-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_SaleAndLeasebackTransactionAdditionalAmount</link:label>
    <link:label xlink:label="cmre_SaleAndLeasebackTransactionAdditionalAmount-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Sale and Leaseback Transaction, Additional Amount</link:label>
    <link:label xlink:label="cmre_SaleAndLeasebackTransactionAdditionalAmount-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of additional borrowings under sale and leaseback transaction.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SaleAndLeasebackTransactionAdditionalAmount" xlink:to="cmre_SaleAndLeasebackTransactionAdditionalAmount-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:label="us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AmortizationOfFinancingCostsAndDiscounts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_AmortizationOfFinancingCostsAndDiscounts</link:label>
    <link:label xlink:label="us-gaap_AmortizationOfFinancingCostsAndDiscounts-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization and write-off of financing costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfFinancingCostsAndDiscounts" xlink:to="us-gaap_AmortizationOfFinancingCostsAndDiscounts-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FinanceLeaseLiabilityExcludingFinanceCostsCurrent" xlink:label="cmre_FinanceLeaseLiabilityExcludingFinanceCostsCurrent" xlink:type="locator"/>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityExcludingFinanceCostsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_FinanceLeaseLiabilityExcludingFinanceCostsCurrent</link:label>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityExcludingFinanceCostsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance lease liabilities &#8211; current</link:label>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityExcludingFinanceCostsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of finance lease liability before finance costs, current portion.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FinanceLeaseLiabilityExcludingFinanceCostsCurrent" xlink:to="cmre_FinanceLeaseLiabilityExcludingFinanceCostsCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FinanceLeaseLiabilityExcludingFinanceCostsNoncurrent" xlink:label="cmre_FinanceLeaseLiabilityExcludingFinanceCostsNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityExcludingFinanceCostsNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_FinanceLeaseLiabilityExcludingFinanceCostsNoncurrent</link:label>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityExcludingFinanceCostsNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Finance lease liabilities &#8211; non-current</link:label>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityExcludingFinanceCostsNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of finance lease liability before finance costs, non-current portion.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FinanceLeaseLiabilityExcludingFinanceCostsNoncurrent" xlink:to="cmre_FinanceLeaseLiabilityExcludingFinanceCostsNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AmortizationOfDebtDiscountPremium" xlink:label="us-gaap_AmortizationOfDebtDiscountPremium" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AmortizationOfDebtDiscountPremium-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of debt discount</link:label>
    <link:label xlink:label="us-gaap_AmortizationOfDebtDiscountPremium-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Amortization of Debt Discount (Premium)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AmortizationOfDebtDiscountPremium" xlink:to="us-gaap_AmortizationOfDebtDiscountPremium-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FinanceLeaseLiabilityDeferredFinanceCostsCurrent" xlink:label="cmre_FinanceLeaseLiabilityDeferredFinanceCostsCurrent" xlink:type="locator"/>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityDeferredFinanceCostsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_FinanceLeaseLiabilityDeferredFinanceCostsCurrent</link:label>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityDeferredFinanceCostsCurrent-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: current portion of financing costs</link:label>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityDeferredFinanceCostsCurrent-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of current deferred finance costs related to finance lease liability.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FinanceLeaseLiabilityDeferredFinanceCostsCurrent" xlink:to="cmre_FinanceLeaseLiabilityDeferredFinanceCostsCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FinanceLeaseLiabilityDeferredFinanceCostsNoncurrent" xlink:label="cmre_FinanceLeaseLiabilityDeferredFinanceCostsNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityDeferredFinanceCostsNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_FinanceLeaseLiabilityDeferredFinanceCostsNoncurrent</link:label>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityDeferredFinanceCostsNoncurrent-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Less: non-current portion of financing costs</link:label>
    <link:label xlink:label="cmre_FinanceLeaseLiabilityDeferredFinanceCostsNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of non-current deferred finance costs related to finance lease liability.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FinanceLeaseLiabilityDeferredFinanceCostsNoncurrent" xlink:to="cmre_FinanceLeaseLiabilityDeferredFinanceCostsNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueNetAssetLiability" xlink:label="us-gaap_FairValueNetAssetLiability" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueNetAssetLiability-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_FairValueNetAssetLiability</link:label>
    <link:label xlink:label="us-gaap_FairValueNetAssetLiability-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueNetAssetLiability" xlink:to="us-gaap_FairValueNetAssetLiability-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Depreciation" xlink:label="us-gaap_Depreciation" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_Depreciation-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_Depreciation</link:label>
    <link:label xlink:label="us-gaap_Depreciation-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Depreciation" xlink:to="us-gaap_Depreciation-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DepreciationDepletionAndAmortization" xlink:label="us-gaap_DepreciationDepletionAndAmortization" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DepreciationDepletionAndAmortization-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DepreciationDepletionAndAmortization</link:label>
    <link:label xlink:label="us-gaap_DepreciationDepletionAndAmortization-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Depreciation (Notes 7, 12 and 22)</link:label>
    <link:label xlink:label="us-gaap_DepreciationDepletionAndAmortization-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:label xlink:label="us-gaap_DepreciationDepletionAndAmortization-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Depreciation</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DepreciationDepletionAndAmortization" xlink:to="us-gaap_DepreciationDepletionAndAmortization-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BlueNetCharteringGmbHCoKGMember" xlink:label="cmre_BlueNetCharteringGmbHCoKGMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_BlueNetCharteringGmbHCoKGMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Blue Net Chartering GmbH &amp; Co. KG [Member]</link:label>
    <link:label xlink:label="cmre_BlueNetCharteringGmbHCoKGMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding Blue Net Chartering GmbH &amp; Co. KG.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BlueNetCharteringGmbHCoKGMember" xlink:to="cmre_BlueNetCharteringGmbHCoKGMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsTableTextBlock" xlink:label="cmre_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Table Text Block]</link:label>
    <link:label xlink:label="cmre_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of cash and cash equivalents unrestricted and restricted as to withdrawal or usage.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsTableTextBlock" xlink:to="cmre_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAcquired" xlink:label="cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAcquired" xlink:type="locator"/>
    <link:label xlink:label="cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAcquired-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAcquired</link:label>
    <link:label xlink:label="cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAcquired-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Twenty-foot Equivalent Units Measured on Each Vessel Acquired</link:label>
    <link:label xlink:label="cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAcquired-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the carrying capacity of vessels in TEUs (twenty-foot equivalet units) measured on each vessel acquired.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAcquired" xlink:to="cmre_TwentyfootEquivalentUnitsMeasuredOnEachVesselAcquired-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ImpairmentLossTransferredFromDeferredCharges" xlink:label="cmre_ImpairmentLossTransferredFromDeferredCharges" xlink:type="locator"/>
    <link:label xlink:label="cmre_ImpairmentLossTransferredFromDeferredCharges-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_ImpairmentLossTransferredFromDeferredCharges</link:label>
    <link:label xlink:label="cmre_ImpairmentLossTransferredFromDeferredCharges-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Impairment Loss Transferred From Deferred Charges</link:label>
    <link:label xlink:label="cmre_ImpairmentLossTransferredFromDeferredCharges-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of impairment loss transferred from deferred charges.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ImpairmentLossTransferredFromDeferredCharges" xlink:to="cmre_ImpairmentLossTransferredFromDeferredCharges-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TwentyfootEquivaletUnitsMeasuredOnEachVesselsAgreedToPurchase" xlink:label="cmre_TwentyfootEquivaletUnitsMeasuredOnEachVesselsAgreedToPurchase" xlink:type="locator"/>
    <link:label xlink:label="cmre_TwentyfootEquivaletUnitsMeasuredOnEachVesselsAgreedToPurchase-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_TwentyfootEquivaletUnitsMeasuredOnEachVesselsAgreedToPurchase</link:label>
    <link:label xlink:label="cmre_TwentyfootEquivaletUnitsMeasuredOnEachVesselsAgreedToPurchase-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Twenty-foot Equivalet Units Measured on Each Vessel Agreed to Purchase</link:label>
    <link:label xlink:label="cmre_TwentyfootEquivaletUnitsMeasuredOnEachVesselsAgreedToPurchase-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element represents the carrying capacity of vessels in TEUs (twenty-foot equivalet units) measured on each vessel agreed to be purchased.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TwentyfootEquivaletUnitsMeasuredOnEachVesselsAgreedToPurchase" xlink:to="cmre_TwentyfootEquivaletUnitsMeasuredOnEachVesselsAgreedToPurchase-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfUnencumberedVessels" xlink:label="cmre_NumberOfUnencumberedVessels" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfUnencumberedVessels-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfUnencumberedVessels</link:label>
    <link:label xlink:label="cmre_NumberOfUnencumberedVessels-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Unencumbered Vessels</link:label>
    <link:label xlink:label="cmre_NumberOfUnencumberedVessels-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of unencumbered vessels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfUnencumberedVessels" xlink:to="cmre_NumberOfUnencumberedVessels-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DeferredFinanceCostsAmortizationAndWriteoff" xlink:label="cmre_DeferredFinanceCostsAmortizationAndWriteoff" xlink:type="locator"/>
    <link:label xlink:label="cmre_DeferredFinanceCostsAmortizationAndWriteoff-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DeferredFinanceCostsAmortizationAndWriteoff</link:label>
    <link:label xlink:label="cmre_DeferredFinanceCostsAmortizationAndWriteoff-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Amortization and write-off</link:label>
    <link:label xlink:label="cmre_DeferredFinanceCostsAmortizationAndWriteoff-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of amortization and write-offs related to deferred finance costs.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DeferredFinanceCostsAmortizationAndWriteoff" xlink:to="cmre_DeferredFinanceCostsAmortizationAndWriteoff-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueMeasurementsNonrecurringMember" xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueMeasurementsNonrecurringMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Nonrecurring [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsNonrecurringMember" xlink:to="us-gaap_FairValueMeasurementsNonrecurringMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockValue" xlink:label="us-gaap_CommonStockValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommonStockValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common stock (Note 16)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockValue" xlink:to="us-gaap_CommonStockValue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueByMeasurementFrequencyAxis" xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueByMeasurementFrequencyAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement Frequency [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByMeasurementFrequencyAxis" xlink:to="us-gaap_FairValueByMeasurementFrequencyAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Adjustments to reconcile net income to net cash provided by operating activities:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueMeasurementFrequencyDomain" xlink:label="us-gaap_FairValueMeasurementFrequencyDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueMeasurementFrequencyDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Measurement Frequency [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementFrequencyDomain" xlink:to="us-gaap_FairValueMeasurementFrequencyDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueMeasurementsRecurringMember" xlink:label="us-gaap_FairValueMeasurementsRecurringMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueMeasurementsRecurringMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Recurring [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsRecurringMember" xlink:to="us-gaap_FairValueMeasurementsRecurringMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockSharesIssued" xlink:label="us-gaap_CommonStockSharesIssued" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommonStockSharesIssued-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_CommonStockSharesIssued</link:label>
    <link:label xlink:label="us-gaap_CommonStockSharesIssued-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common Stock, Shares, Issued (in shares)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockSharesIssued" xlink:to="us-gaap_CommonStockSharesIssued-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockParOrStatedValuePerShare" xlink:label="us-gaap_CommonStockParOrStatedValuePerShare" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommonStockParOrStatedValuePerShare-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_CommonStockParOrStatedValuePerShare</link:label>
    <link:label xlink:label="us-gaap_CommonStockParOrStatedValuePerShare-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Common Stock, Par or Stated Value Per Share (in dollars per share)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockParOrStatedValuePerShare" xlink:to="us-gaap_CommonStockParOrStatedValuePerShare-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_RangeMember" xlink:label="srt_RangeMember" xlink:type="locator"/>
    <link:label xlink:label="srt_RangeMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeMember" xlink:to="srt_RangeMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfDryBulkVessels" xlink:label="cmre_NumberOfDryBulkVessels" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfDryBulkVessels-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfDryBulkVessels</link:label>
    <link:label xlink:label="cmre_NumberOfDryBulkVessels-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Dry-bulk Vessels</link:label>
    <link:label xlink:label="cmre_NumberOfDryBulkVessels-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of dry-bulk vessels owned by the company.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfDryBulkVessels" xlink:to="cmre_NumberOfDryBulkVessels-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_MaximumMember" xlink:label="srt_MaximumMember" xlink:type="locator"/>
    <link:label xlink:label="srt_MaximumMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Maximum [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MaximumMember" xlink:to="srt_MaximumMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_MinimumMember" xlink:label="srt_MinimumMember" xlink:type="locator"/>
    <link:label xlink:label="srt_MinimumMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Minimum [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MinimumMember" xlink:to="srt_MinimumMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_StockholdersEquityGainLossFromCommonControlTransaction" xlink:label="cmre_StockholdersEquityGainLossFromCommonControlTransaction" xlink:type="locator"/>
    <link:label xlink:label="cmre_StockholdersEquityGainLossFromCommonControlTransaction-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">- Gain from common control transaction (Note 3)</link:label>
    <link:label xlink:label="cmre_StockholdersEquityGainLossFromCommonControlTransaction-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stockholders' Equity, Gain (loss) from Common Control Transaction</link:label>
    <link:label xlink:label="cmre_StockholdersEquityGainLossFromCommonControlTransaction-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of adjustments to stockholders' equity attributable to the gain (loss) from common control transaction.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_StockholdersEquityGainLossFromCommonControlTransaction" xlink:to="cmre_StockholdersEquityGainLossFromCommonControlTransaction-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_OwnershipDomain" xlink:label="srt_OwnershipDomain" xlink:type="locator"/>
    <link:label xlink:label="srt_OwnershipDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ownership [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_OwnershipDomain" xlink:to="srt_OwnershipDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_RangeAxis" xlink:label="srt_RangeAxis" xlink:type="locator"/>
    <link:label xlink:label="srt_RangeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statistical Measurement [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RangeAxis" xlink:to="srt_RangeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_EquityMethodInvesteeNameDomain" xlink:label="srt_EquityMethodInvesteeNameDomain" xlink:type="locator"/>
    <link:label xlink:label="srt_EquityMethodInvesteeNameDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment, Name [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_EquityMethodInvesteeNameDomain" xlink:to="srt_EquityMethodInvesteeNameDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DailyBrokerageCommissionOnTimeCharter" xlink:label="cmre_DailyBrokerageCommissionOnTimeCharter" xlink:type="locator"/>
    <link:label xlink:label="cmre_DailyBrokerageCommissionOnTimeCharter-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DailyBrokerageCommissionOnTimeCharter</link:label>
    <link:label xlink:label="cmre_DailyBrokerageCommissionOnTimeCharter-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Daily Brokerage Commission on Time Charter</link:label>
    <link:label xlink:label="cmre_DailyBrokerageCommissionOnTimeCharter-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The daily brokerage commission per day on time charters.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DailyBrokerageCommissionOnTimeCharter" xlink:to="cmre_DailyBrokerageCommissionOnTimeCharter-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LongshawMaritimeInvestmentsSAMember" xlink:label="cmre_LongshawMaritimeInvestmentsSAMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LongshawMaritimeInvestmentsSAMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Longshaw Maritime Investments S.A. [Member]</link:label>
    <link:label xlink:label="cmre_LongshawMaritimeInvestmentsSAMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Longshaw Maritime Investments S.A. (&#8220;Longshaw&#8221;).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LongshawMaritimeInvestmentsSAMember" xlink:to="cmre_LongshawMaritimeInvestmentsSAMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfCompaniesAcquired" xlink:label="cmre_NumberOfCompaniesAcquired" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfCompaniesAcquired-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfCompaniesAcquired</link:label>
    <link:label xlink:label="cmre_NumberOfCompaniesAcquired-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Companies Acquired</link:label>
    <link:label xlink:label="cmre_NumberOfCompaniesAcquired-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of companies acquired.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfCompaniesAcquired" xlink:to="cmre_NumberOfCompaniesAcquired-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_OwnershipAxis" xlink:label="srt_OwnershipAxis" xlink:type="locator"/>
    <link:label xlink:label="srt_OwnershipAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ownership [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_OwnershipAxis" xlink:to="srt_OwnershipAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PreferredStockValue" xlink:label="us-gaap_PreferredStockValue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PreferredStockValue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred stock (Note 16)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockValue" xlink:to="us-gaap_PreferredStockValue-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DryBulkVesselsMember" xlink:label="cmre_DryBulkVesselsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_DryBulkVesselsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dry-bulk Vessels [Member]</link:label>
    <link:label xlink:label="cmre_DryBulkVesselsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the dry-bulk vessels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DryBulkVesselsMember" xlink:to="cmre_DryBulkVesselsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestPaidNet" xlink:label="us-gaap_InterestPaidNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_InterestPaidNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash paid during the year for interest, net of capitalized interest</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_InterestPaidNet" xlink:to="us-gaap_InterestPaidNet-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:type="locator"/>
    <link:label xlink:label="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Investment, Name [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis" xlink:to="srt_ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DryBulkVesselsSegmentMember" xlink:label="cmre_DryBulkVesselsSegmentMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_DryBulkVesselsSegmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dry Bulk Vessels Segment [Member]</link:label>
    <link:label xlink:label="cmre_DryBulkVesselsSegmentMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents dry bulk vessels segment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DryBulkVesselsSegmentMember" xlink:to="cmre_DryBulkVesselsSegmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_StatementGeographicalAxis" xlink:label="srt_StatementGeographicalAxis" xlink:type="locator"/>
    <link:label xlink:label="srt_StatementGeographicalAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementGeographicalAxis" xlink:to="srt_StatementGeographicalAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_SegmentGeographicalDomain" xlink:label="srt_SegmentGeographicalDomain" xlink:type="locator"/>
    <link:label xlink:label="srt_SegmentGeographicalDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Geographical [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_SegmentGeographicalDomain" xlink:to="srt_SegmentGeographicalDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_YmTargetAndYmTiptopMember" xlink:label="cmre_YmTargetAndYmTiptopMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_YmTargetAndYmTiptopMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">YM Target and YM Tiptop [Member]</link:label>
    <link:label xlink:label="cmre_YmTargetAndYmTiptopMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents YM Target and YM Tiptop.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_YmTargetAndYmTiptopMember" xlink:to="cmre_YmTargetAndYmTiptopMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VesselOwningCompaniesOfFiveVesselsPurchasedFromYorkMember" xlink:label="cmre_VesselOwningCompaniesOfFiveVesselsPurchasedFromYorkMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_VesselOwningCompaniesOfFiveVesselsPurchasedFromYorkMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessel Owning Companies of Five Vessels Purchased from York [Member]</link:label>
    <link:label xlink:label="cmre_VesselOwningCompaniesOfFiveVesselsPurchasedFromYorkMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the vessel owning companies of five vessels purchased from York.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VesselOwningCompaniesOfFiveVesselsPurchasedFromYorkMember" xlink:to="cmre_VesselOwningCompaniesOfFiveVesselsPurchasedFromYorkMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_The16CompaniesWhichOwnedOrCommittedToAcquireBulkVesselsMember" xlink:label="cmre_The16CompaniesWhichOwnedOrCommittedToAcquireBulkVesselsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_The16CompaniesWhichOwnedOrCommittedToAcquireBulkVesselsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The16 Companies Which Owned or Committed to Acquire Bulk Vessels [Member]</link:label>
    <link:label xlink:label="cmre_The16CompaniesWhichOwnedOrCommittedToAcquireBulkVesselsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the 16 companies which owned or are committed to acquire bulk vessels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_The16CompaniesWhichOwnedOrCommittedToAcquireBulkVesselsMember" xlink:to="cmre_The16CompaniesWhichOwnedOrCommittedToAcquireBulkVesselsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DeadWeightTonnageOfVessels" xlink:label="cmre_DeadWeightTonnageOfVessels" xlink:type="locator"/>
    <link:label xlink:label="cmre_DeadWeightTonnageOfVessels-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DeadWeightTonnageOfVessels</link:label>
    <link:label xlink:label="cmre_DeadWeightTonnageOfVessels-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dead Weight Tonnage of Vessels</link:label>
    <link:label xlink:label="cmre_DeadWeightTonnageOfVessels-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The DWT of vessels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DeadWeightTonnageOfVessels" xlink:to="cmre_DeadWeightTonnageOfVessels-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ContainerVesselsSegmentMember" xlink:label="cmre_ContainerVesselsSegmentMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ContainerVesselsSegmentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Container Vessels Segment [Member]</link:label>
    <link:label xlink:label="cmre_ContainerVesselsSegmentMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents container vessels segment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ContainerVesselsSegmentMember" xlink:to="cmre_ContainerVesselsSegmentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfVesselsSurveyInProcess" xlink:label="cmre_NumberOfVesselsSurveyInProcess" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfVesselsSurveyInProcess-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfVesselsSurveyInProcess</link:label>
    <link:label xlink:label="cmre_NumberOfVesselsSurveyInProcess-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of Vessels Survey in Process</link:label>
    <link:label xlink:label="cmre_NumberOfVesselsSurveyInProcess-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The number of vessels that special survey for dry docking is still in process.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfVesselsSurveyInProcess" xlink:to="cmre_NumberOfVesselsSurveyInProcess-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BergShippingCoLoanAgreementMember" xlink:label="cmre_BergShippingCoLoanAgreementMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_BergShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Berg Shipping Co. Loan Agreement [Member]</link:label>
    <link:label xlink:label="cmre_BergShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Berg Shipping Co. loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BergShippingCoLoanAgreementMember" xlink:to="cmre_BergShippingCoLoanAgreementMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CapeAkritasCapeTainaroCapeArtemisioCapeKortiaAndCapeSounioMember" xlink:label="cmre_CapeAkritasCapeTainaroCapeArtemisioCapeKortiaAndCapeSounioMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_CapeAkritasCapeTainaroCapeArtemisioCapeKortiaAndCapeSounioMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cape Akritas, Cape Tainaro, Cape Artemisio, Cape Kortia and Cape Sounio [Member]</link:label>
    <link:label xlink:label="cmre_CapeAkritasCapeTainaroCapeArtemisioCapeKortiaAndCapeSounioMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Cape Akritas, Cape Tainaro, Cape Artemisio, Cape Kortia and Cape Sounio.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CapeAkritasCapeTainaroCapeArtemisioCapeKortiaAndCapeSounioMember" xlink:to="cmre_CapeAkritasCapeTainaroCapeArtemisioCapeKortiaAndCapeSounioMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueInputsLevel3Member" xlink:label="us-gaap_FairValueInputsLevel3Member" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueInputsLevel3Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 3 [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel3Member" xlink:to="us-gaap_FairValueInputsLevel3Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTimeCharterLiabilities" xlink:label="cmre_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTimeCharterLiabilities" xlink:type="locator"/>
    <link:label xlink:label="cmre_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTimeCharterLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTimeCharterLiabilities</link:label>
    <link:label xlink:label="cmre_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTimeCharterLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Time Charter Liabilities</link:label>
    <link:label xlink:label="cmre_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTimeCharterLiabilities-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of time charter liabilities assumed at the acquisition date.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTimeCharterLiabilities" xlink:to="cmre_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedTimeCharterLiabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_The2008BuiltVesselMember" xlink:label="cmre_The2008BuiltVesselMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_The2008BuiltVesselMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The 2008-built Vessel [Member]</link:label>
    <link:label xlink:label="cmre_The2008BuiltVesselMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the 2008-built vessel.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_The2008BuiltVesselMember" xlink:to="cmre_The2008BuiltVesselMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DeadWeightTonnageOfVesselsAgreedToAcquire" xlink:label="cmre_DeadWeightTonnageOfVesselsAgreedToAcquire" xlink:type="locator"/>
    <link:label xlink:label="cmre_DeadWeightTonnageOfVesselsAgreedToAcquire-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DeadWeightTonnageOfVesselsAgreedToAcquire</link:label>
    <link:label xlink:label="cmre_DeadWeightTonnageOfVesselsAgreedToAcquire-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dead Weight Tonnage of Vessels Agreed to Acquire</link:label>
    <link:label xlink:label="cmre_DeadWeightTonnageOfVesselsAgreedToAcquire-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The DTW of vessels agreed to acquire.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DeadWeightTonnageOfVesselsAgreedToAcquire" xlink:to="cmre_DeadWeightTonnageOfVesselsAgreedToAcquire-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LeonidioAndKyparissiaMember" xlink:label="cmre_LeonidioAndKyparissiaMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LeonidioAndKyparissiaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Leonidio and Kyparissia [Member]</link:label>
    <link:label xlink:label="cmre_LeonidioAndKyparissiaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Leonidio and Kyparissia.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LeonidioAndKyparissiaMember" xlink:to="cmre_LeonidioAndKyparissiaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AinsleyMaritimeCoAndAmbroseMaritimeCoLoanAgreementMember" xlink:label="cmre_AinsleyMaritimeCoAndAmbroseMaritimeCoLoanAgreementMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_AinsleyMaritimeCoAndAmbroseMaritimeCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ainsley Maritime Co. and Ambrose Maritime Co. Loan Agreement [Member]</link:label>
    <link:label xlink:label="cmre_AinsleyMaritimeCoAndAmbroseMaritimeCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Ainsley Maritime Co. and Ambrose Maritime Co. loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AinsleyMaritimeCoAndAmbroseMaritimeCoLoanAgreementMember" xlink:to="cmre_AinsleyMaritimeCoAndAmbroseMaritimeCoLoanAgreementMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueMeasurementsFairValueHierarchyDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Hierarchy and NAV [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueMeasurementsFairValueHierarchyDomain" xlink:to="us-gaap_FairValueMeasurementsFairValueHierarchyDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TritonMember" xlink:label="cmre_TritonMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_TritonMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Triton [Member]</link:label>
    <link:label xlink:label="cmre_TritonMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Triton.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TritonMember" xlink:to="cmre_TritonMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_MajorCustomersAxis" xlink:label="srt_MajorCustomersAxis" xlink:type="locator"/>
    <link:label xlink:label="srt_MajorCustomersAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_MajorCustomersAxis" xlink:to="srt_MajorCustomersAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SealandWashingtonAndMaerskKalamataMember" xlink:label="cmre_SealandWashingtonAndMaerskKalamataMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_SealandWashingtonAndMaerskKalamataMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sealand Washington and Maersk Kalamata [Member]</link:label>
    <link:label xlink:label="cmre_SealandWashingtonAndMaerskKalamataMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Sealand Washington and Maersk Kalamata.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SealandWashingtonAndMaerskKalamataMember" xlink:to="cmre_SealandWashingtonAndMaerskKalamataMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_NameOfMajorCustomerDomain" xlink:label="srt_NameOfMajorCustomerDomain" xlink:type="locator"/>
    <link:label xlink:label="srt_NameOfMajorCustomerDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Customer [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_NameOfMajorCustomerDomain" xlink:to="srt_NameOfMajorCustomerDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueInputsLevel1Member" xlink:label="us-gaap_FairValueInputsLevel1Member" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueInputsLevel1Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 1 [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel1Member" xlink:to="us-gaap_FairValueInputsLevel1Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementMember" xlink:label="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hyde Maritime Co. and Skerrett Maritime Co. Loan Agreement [Member]</link:label>
    <link:label xlink:label="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Hyde Maritime Co. and Skerrett Maritime Co. loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementMember" xlink:to="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueInputsLevel2Member" xlink:label="us-gaap_FairValueInputsLevel2Member" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueInputsLevel2Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value, Inputs, Level 2 [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueInputsLevel2Member" xlink:to="us-gaap_FairValueInputsLevel2Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ReddickShippingCoAndVerandiShippingCoSecondTermLoanMember" xlink:label="cmre_ReddickShippingCoAndVerandiShippingCoSecondTermLoanMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ReddickShippingCoAndVerandiShippingCoSecondTermLoanMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reddick Shipping Co. and Verandi Shipping Co Second Term Loan [Member]</link:label>
    <link:label xlink:label="cmre_ReddickShippingCoAndVerandiShippingCoSecondTermLoanMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the second term loan for Reddick Shipping Co. and Verandi Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ReddickShippingCoAndVerandiShippingCoSecondTermLoanMember" xlink:to="cmre_ReddickShippingCoAndVerandiShippingCoSecondTermLoanMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_OracleLibraAndNormaMember" xlink:label="cmre_OracleLibraAndNormaMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_OracleLibraAndNormaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Oracle, Libra and Norma [Member]</link:label>
    <link:label xlink:label="cmre_OracleLibraAndNormaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Oracle, Libra and Norma.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_OracleLibraAndNormaMember" xlink:to="cmre_OracleLibraAndNormaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_MscAthensAndMscAthosMember" xlink:label="cmre_MscAthensAndMscAthosMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_MscAthensAndMscAthosMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">MSC Athens and MSC Athos [Member]</link:label>
    <link:label xlink:label="cmre_MscAthensAndMscAthosMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">MSC Athens and MSC Athos.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_MscAthensAndMscAthosMember" xlink:to="cmre_MscAthensAndMscAthosMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_EvantoneShippingCoAndFortroseShippingCoLoanAgreementMember" xlink:label="cmre_EvantoneShippingCoAndFortroseShippingCoLoanAgreementMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_EvantoneShippingCoAndFortroseShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Evantone Shipping Co. and Fortrose Shipping Co. Loan Agreement [Member]</link:label>
    <link:label xlink:label="cmre_EvantoneShippingCoAndFortroseShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Evantone Shipping Co. and Fortrose Shipping Co. loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_EvantoneShippingCoAndFortroseShippingCoLoanAgreementMember" xlink:to="cmre_EvantoneShippingCoAndFortroseShippingCoLoanAgreementMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_FairValueByFairValueHierarchyLevelAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair Value Hierarchy and NAV [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_FairValueByFairValueHierarchyLevelAxis" xlink:to="us-gaap_FairValueByFairValueHierarchyLevelAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BankChargesAndOtherFinancingCosts" xlink:label="cmre_BankChargesAndOtherFinancingCosts" xlink:type="locator"/>
    <link:label xlink:label="cmre_BankChargesAndOtherFinancingCosts-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bank charges and other financing costs</link:label>
    <link:label xlink:label="cmre_BankChargesAndOtherFinancingCosts-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of bank charges and other financing costs.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BankChargesAndOtherFinancingCosts" xlink:to="cmre_BankChargesAndOtherFinancingCosts-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ProceedsFromDividendsReceived" xlink:label="us-gaap_ProceedsFromDividendsReceived" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ProceedsFromDividendsReceived-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_ProceedsFromDividendsReceived</link:label>
    <link:label xlink:label="us-gaap_ProceedsFromDividendsReceived-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Proceeds from Dividends Received</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ProceedsFromDividendsReceived" xlink:to="us-gaap_ProceedsFromDividendsReceived-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LoanAgreementWith11CompaniesMember" xlink:label="cmre_LoanAgreementWith11CompaniesMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LoanAgreementWith11CompaniesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Agreement with 11 Companies [Member]</link:label>
    <link:label xlink:label="cmre_LoanAgreementWith11CompaniesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the loan agreement with Achilleas Maritime Corporation, Angistri Corporation, Fanakos Maritime Corporation, Fastsailing Maritime Co., Lindner Shipping Co., Miko Shipping Co., Saval Shipping Co., Spedding Shipping Co., Tanera Shipping Co., Timpson Shipping Co. and Wester Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LoanAgreementWith11CompaniesMember" xlink:to="cmre_LoanAgreementWith11CompaniesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LoanAgreementWith11CompaniesTrancheAMember" xlink:label="cmre_LoanAgreementWith11CompaniesTrancheAMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LoanAgreementWith11CompaniesTrancheAMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Agreement with 11 Companies, Tranche A [Member]</link:label>
    <link:label xlink:label="cmre_LoanAgreementWith11CompaniesTrancheAMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents tranche A of the loan agreement with Achilleas Maritime Corporation, Angistri Corporation, Fanakos Maritime Corporation, Fastsailing Maritime Co., Lindner Shipping Co., Miko Shipping Co., Saval Shipping Co., Spedding Shipping Co., Tanera Shipping Co., Timpson Shipping Co. and Wester Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LoanAgreementWith11CompaniesTrancheAMember" xlink:to="cmre_LoanAgreementWith11CompaniesTrancheAMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisMember" xlink:label="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Agreement to Partially Finance the Acquisition of Megalopolis and Marathopolis [Member]</link:label>
    <link:label xlink:label="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to information regarding the loan agreement partially finance the Megalopolis and Marathopolis acquisition.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisMember" xlink:to="cmre_LoanAgreementToPartiallyFinanceTheAcquisitionOfMegalopolisAndMarathopolisMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LoanAgreementWith11CompaniesTrancheCMember" xlink:label="cmre_LoanAgreementWith11CompaniesTrancheCMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LoanAgreementWith11CompaniesTrancheCMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Agreement with 11 Companies, Tranche C [Member]</link:label>
    <link:label xlink:label="cmre_LoanAgreementWith11CompaniesTrancheCMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents tranche C of the loan agreement with Achilleas Maritime Corporation, Angistri Corporation, Fanakos Maritime Corporation, Fastsailing Maritime Co., Lindner Shipping Co., Miko Shipping Co., Saval Shipping Co., Spedding Shipping Co., Tanera Shipping Co., Timpson Shipping Co. and Wester Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LoanAgreementWith11CompaniesTrancheCMember" xlink:to="cmre_LoanAgreementWith11CompaniesTrancheCMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LoanAgreementWith11CompaniesTrancheBMember" xlink:label="cmre_LoanAgreementWith11CompaniesTrancheBMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_LoanAgreementWith11CompaniesTrancheBMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Loan Agreement with 11 Companies, Tranche B [Member]</link:label>
    <link:label xlink:label="cmre_LoanAgreementWith11CompaniesTrancheBMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents tranche B of the loan agreement with Achilleas Maritime Corporation, Angistri Corporation, Fanakos Maritime Corporation, Fastsailing Maritime Co., Lindner Shipping Co., Miko Shipping Co., Saval Shipping Co., Spedding Shipping Co., Tanera Shipping Co., Timpson Shipping Co. and Wester Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LoanAgreementWith11CompaniesTrancheBMember" xlink:to="cmre_LoanAgreementWith11CompaniesTrancheBMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementTrancheAMember" xlink:label="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementTrancheAMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementTrancheAMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hyde Maritime Co. and Skerrett Maritime Co. Loan Agreement, Tranche A [Member]</link:label>
    <link:label xlink:label="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementTrancheAMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents tranche A of the Hyde Maritime Co. and Skerrett Maritime Co. loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementTrancheAMember" xlink:to="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementTrancheAMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementTrancheBMember" xlink:label="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementTrancheBMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementTrancheBMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hyde Maritime Co. and Skerrett Maritime Co. Loan Agreement, Tranche B [Member]</link:label>
    <link:label xlink:label="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementTrancheBMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents tranche B of the Hyde Maritime Co. and Skerrett Maritime Co. loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementTrancheBMember" xlink:to="cmre_HydeMaritimeCoAndSkerrettMaritimeCoLoanAgreementTrancheBMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_KempMaritimeCoLoanAgreementMember" xlink:label="cmre_KempMaritimeCoLoanAgreementMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_KempMaritimeCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Kemp Maritime Co. Loan Agreement [Member]</link:label>
    <link:label xlink:label="cmre_KempMaritimeCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Kemp Maritime Co. loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_KempMaritimeCoLoanAgreementMember" xlink:to="cmre_KempMaritimeCoLoanAgreementMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VernesShippingCoLoanAgreementMember" xlink:label="cmre_VernesShippingCoLoanAgreementMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_VernesShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vernes Shipping Co. Loan Agreement [Member]</link:label>
    <link:label xlink:label="cmre_VernesShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Vernes Shipping Co. loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VernesShippingCoLoanAgreementMember" xlink:to="cmre_VernesShippingCoLoanAgreementMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TheBondMember" xlink:label="cmre_TheBondMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_TheBondMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">The Bond [Member]</link:label>
    <link:label xlink:label="cmre_TheBondMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Bond.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TheBondMember" xlink:to="cmre_TheBondMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndThereafter" xlink:label="cmre_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndThereafter" xlink:type="locator"/>
    <link:label xlink:label="cmre_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndThereafter-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndThereafter</link:label>
    <link:label xlink:label="cmre_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndThereafter-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2028 and thereafter</link:label>
    <link:label xlink:label="cmre_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndThereafter-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of long-term debt payable, sinking fund requirement, and other securities issued that are redeemable by holder at fixed or determinable price and date, maturing in fifth fiscal year following current fiscal year and thereafter. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndThereafter" xlink:to="cmre_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndThereafter-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CompanyOwningCapeArtemisioMember" xlink:label="cmre_CompanyOwningCapeArtemisioMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_CompanyOwningCapeArtemisioMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Company Owning Cape Artemisio [Member]</link:label>
    <link:label xlink:label="cmre_CompanyOwningCapeArtemisioMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the company owning Cape Artemisio.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CompanyOwningCapeArtemisioMember" xlink:to="cmre_CompanyOwningCapeArtemisioMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:label="us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInDeferredRevenue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_IncreaseDecreaseInDeferredRevenue</link:label>
    <link:label xlink:label="us-gaap_IncreaseDecreaseInDeferredRevenue-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Unearned revenue</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncreaseDecreaseInDeferredRevenue" xlink:to="us-gaap_IncreaseDecreaseInDeferredRevenue-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementMember" xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. Loan Agreement [Member]</link:label>
    <link:label xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementMember" xlink:to="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheAMember" xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheAMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheAMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. Loan Agreement, Tranche A [Member]</link:label>
    <link:label xlink:label="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheAMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents tranche A of the Novara Shipping Co., Finney Shipping Co., Alford Shipping Co. and Nisbet Shipping Co. loan agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheAMember" xlink:to="cmre_NovaraShippingCoFinneyShippingCoAlfordShippingCoAndNisbetShippingCoLoanAgreementTrancheAMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cash Flows From Operating Activities:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract" xlink:to="us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RefinanceTermLoansOf17CompaniesMember" xlink:label="cmre_RefinanceTermLoansOf17CompaniesMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_RefinanceTermLoansOf17CompaniesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Refinance Term Loans of 17 Companies [Member]</link:label>
    <link:label xlink:label="cmre_RefinanceTermLoansOf17CompaniesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the refinance term loan of 17 companies.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RefinanceTermLoansOf17CompaniesMember" xlink:to="cmre_RefinanceTermLoansOf17CompaniesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FirstQuarterOf2021Member" xlink:label="cmre_FirstQuarterOf2021Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_FirstQuarterOf2021Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">First Quarter of 2021 [Member]</link:label>
    <link:label xlink:label="cmre_FirstQuarterOf2021Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the first quarter of 2021.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FirstQuarterOf2021Member" xlink:to="cmre_FirstQuarterOf2021Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ReclassifiedToVesselsAndAdvancesNet" xlink:label="cmre_ReclassifiedToVesselsAndAdvancesNet" xlink:type="locator"/>
    <link:label xlink:label="cmre_ReclassifiedToVesselsAndAdvancesNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_ReclassifiedToVesselsAndAdvancesNet</link:label>
    <link:label xlink:label="cmre_ReclassifiedToVesselsAndAdvancesNet-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Reclassified to Vessels and Advances, Net</link:label>
    <link:label xlink:label="cmre_ReclassifiedToVesselsAndAdvancesNet-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount reclassified to vessels and advances, net.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ReclassifiedToVesselsAndAdvancesNet" xlink:to="cmre_ReclassifiedToVesselsAndAdvancesNet-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_January152021ToApril142021DividendsMember" xlink:label="cmre_January152021ToApril142021DividendsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_January152021ToApril142021DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">January 15, 2021 to April 14, 2021 Dividends [Member]</link:label>
    <link:label xlink:label="cmre_January152021ToApril142021DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to dividends.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_January152021ToApril142021DividendsMember" xlink:to="cmre_January152021ToApril142021DividendsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FourthQuarterOf2021Member" xlink:label="cmre_FourthQuarterOf2021Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_FourthQuarterOf2021Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fourth Quarter of 2021 [Member]</link:label>
    <link:label xlink:label="cmre_FourthQuarterOf2021Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the fourth quarter of 2021.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FourthQuarterOf2021Member" xlink:to="cmre_FourthQuarterOf2021Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_October152020ToJanuary142021DividendsMember" xlink:label="cmre_October152020ToJanuary142021DividendsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_October152020ToJanuary142021DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">October 15, 2020 to January 14, 2021 Dividends [Member]</link:label>
    <link:label xlink:label="cmre_October152020ToJanuary142021DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to dividends.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_October152020ToJanuary142021DividendsMember" xlink:to="cmre_October152020ToJanuary142021DividendsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RevenueRecognitionPolicyTextBlock" xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RevenueRecognitionPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Revenue [Policy Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RevenueRecognitionPolicyTextBlock" xlink:to="us-gaap_RevenueRecognitionPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FirstQuarterOf2022Member" xlink:label="cmre_FirstQuarterOf2022Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_FirstQuarterOf2022Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">First Quarter of 2022 [Member]</link:label>
    <link:label xlink:label="cmre_FirstQuarterOf2022Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the first quarter of 2022.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FirstQuarterOf2022Member" xlink:to="cmre_FirstQuarterOf2022Member-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementLineItems" xlink:label="us-gaap_StatementLineItems" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StatementLineItems-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Line Items]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementLineItems" xlink:to="us-gaap_StatementLineItems-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SealandIllinoisMember" xlink:label="cmre_SealandIllinoisMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_SealandIllinoisMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sealand Illinois [Member]</link:label>
    <link:label xlink:label="cmre_SealandIllinoisMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents Sealand Illinois.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SealandIllinoisMember" xlink:to="cmre_SealandIllinoisMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RefinanceTermLoanToVulpeculaVolansVirgoAndVelaAndTrancheCOf11CompaniesTermLoanMember" xlink:label="cmre_RefinanceTermLoanToVulpeculaVolansVirgoAndVelaAndTrancheCOf11CompaniesTermLoanMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_RefinanceTermLoanToVulpeculaVolansVirgoAndVelaAndTrancheCOf11CompaniesTermLoanMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Refinance Term Loan to Vulpecula, Volans, Virgo and Vela and Tranche C of 11 Companies Term Loan [Member]</link:label>
    <link:label xlink:label="cmre_RefinanceTermLoanToVulpeculaVolansVirgoAndVelaAndTrancheCOf11CompaniesTermLoanMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the refinance term loan for Vulpecula, Volans, Virgo and Vela and term loan of 11 companies tranche C.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RefinanceTermLoanToVulpeculaVolansVirgoAndVelaAndTrancheCOf11CompaniesTermLoanMember" xlink:to="cmre_RefinanceTermLoanToVulpeculaVolansVirgoAndVelaAndTrancheCOf11CompaniesTermLoanMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ConstructionContractorReceivableExcludingContractRetainageYearFiveAndAfter" xlink:label="cmre_ConstructionContractorReceivableExcludingContractRetainageYearFiveAndAfter" xlink:type="locator"/>
    <link:label xlink:label="cmre_ConstructionContractorReceivableExcludingContractRetainageYearFiveAndAfter-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">2028 and thereafter</link:label>
    <link:label xlink:label="cmre_ConstructionContractorReceivableExcludingContractRetainageYearFiveAndAfter-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_ConstructionContractorReceivableExcludingContractRetainageYearFiveAndAfter</link:label>
    <link:label xlink:label="cmre_ConstructionContractorReceivableExcludingContractRetainageYearFiveAndAfter-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of right to consideration in exchange for good or service transferred to customer under long-term contract or program when right to consideration is unconditional, excluding amount withheld under retainage provision in contract, to be collected in fifth fiscal year following current fiscal year and thereafter. Excludes interim and annual periods when interim periods are reported from current statement of financial position date (rolling approach).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ConstructionContractorReceivableExcludingContractRetainageYearFiveAndAfter" xlink:to="cmre_ConstructionContractorReceivableExcludingContractRetainageYearFiveAndAfter-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_HuntingLicenseLoanAgreementWith15CompaniesMember" xlink:label="cmre_HuntingLicenseLoanAgreementWith15CompaniesMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_HuntingLicenseLoanAgreementWith15CompaniesMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hunting License Loan Agreement with 15 Companies [Member]</link:label>
    <link:label xlink:label="cmre_HuntingLicenseLoanAgreementWith15CompaniesMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the hunting license loan agreement with 15 companies.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_HuntingLicenseLoanAgreementWith15CompaniesMember" xlink:to="cmre_HuntingLicenseLoanAgreementWith15CompaniesMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RefinanceTermLoanForMeridaBermondiTitanIAndUruguayMember" xlink:label="cmre_RefinanceTermLoanForMeridaBermondiTitanIAndUruguayMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_RefinanceTermLoanForMeridaBermondiTitanIAndUruguayMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Refinance Term Loan for Merida, Bermondi, Titan I and Uruguay [Member]</link:label>
    <link:label xlink:label="cmre_RefinanceTermLoanForMeridaBermondiTitanIAndUruguayMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the refinance term loan for Merida, Bermondi, Titan I and Uruguay.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RefinanceTermLoanForMeridaBermondiTitanIAndUruguayMember" xlink:to="cmre_RefinanceTermLoanForMeridaBermondiTitanIAndUruguayMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FourthQuarterOf2020Member" xlink:label="cmre_FourthQuarterOf2020Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_FourthQuarterOf2020Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fourth Quarter of 2020 [Member]</link:label>
    <link:label xlink:label="cmre_FourthQuarterOf2020Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the fourth quarter of 2020.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FourthQuarterOf2020Member" xlink:to="cmre_FourthQuarterOf2020Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InterestRateCapThreeMonthLIBORExceeds150PercentMember" xlink:label="cmre_InterestRateCapThreeMonthLIBORExceeds150PercentMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_InterestRateCapThreeMonthLIBORExceeds150PercentMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Cap, Three Month LIBOR Exceeds 1.50 Percent [Member]</link:label>
    <link:label xlink:label="cmre_InterestRateCapThreeMonthLIBORExceeds150PercentMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Contract in which the cap writer, in return for a premium, agrees to limit, or cap, the cap holder's risk associated with an increase in interest rates. If rates go above three month LIBOR of 1.50% (the strike price or the cap rate), the cap holder is entitled to receive cash payments equal to the excess of the market rate over the strike price multiplied by the notional principal amount.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InterestRateCapThreeMonthLIBORExceeds150PercentMember" xlink:to="cmre_InterestRateCapThreeMonthLIBORExceeds150PercentMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AdditionalPaidInCapital" xlink:label="us-gaap_AdditionalPaidInCapital" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AdditionalPaidInCapital-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional paid-in capital (Note 16)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapital" xlink:to="us-gaap_AdditionalPaidInCapital-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CrossCurrencyInterestRateContractEffective2552021Member" xlink:label="cmre_CrossCurrencyInterestRateContractEffective2552021Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_CrossCurrencyInterestRateContractEffective2552021Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cross Currency Interest Rate Contract, Effective 25/5/2021 [Member]</link:label>
    <link:label xlink:label="cmre_CrossCurrencyInterestRateContractEffective2552021Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative instrument whose primary underlying risk is tied to interest rates and foreign exchange rates.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CrossCurrencyInterestRateContractEffective2552021Member" xlink:to="cmre_CrossCurrencyInterestRateContractEffective2552021Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_October152021ToJanuary142022DividendsMember" xlink:label="cmre_October152021ToJanuary142022DividendsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_October152021ToJanuary142022DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">October 15, 2021 to January 14, 2022 Dividends [Member]</link:label>
    <link:label xlink:label="cmre_October152021ToJanuary142022DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to dividends.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_October152021ToJanuary142022DividendsMember" xlink:to="cmre_October152021ToJanuary142022DividendsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InterestRateSwapAndCrossCurrencySwapMember" xlink:label="cmre_InterestRateSwapAndCrossCurrencySwapMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_InterestRateSwapAndCrossCurrencySwapMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Interest Rate Swap and Cross Currency Swap [Member]</link:label>
    <link:label xlink:label="cmre_InterestRateSwapAndCrossCurrencySwapMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents interest rate swaps and cross currency swap.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InterestRateSwapAndCrossCurrencySwapMember" xlink:to="cmre_InterestRateSwapAndCrossCurrencySwapMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_January152022ToApril142022DividendsMember" xlink:label="cmre_January152022ToApril142022DividendsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_January152022ToApril142022DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">January 15, 2022 to April 14, 2022 Dividends [Member]</link:label>
    <link:label xlink:label="cmre_January152022ToApril142022DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to dividends.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_January152022ToApril142022DividendsMember" xlink:to="cmre_January152022ToApril142022DividendsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DerivativeCrossCurrencyInterestRateContractEuroMember" xlink:label="cmre_DerivativeCrossCurrencyInterestRateContractEuroMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_DerivativeCrossCurrencyInterestRateContractEuroMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivative Cross Currency Interest Rate Contract, Euro, Effective 25/5/2021 [Member]</link:label>
    <link:label xlink:label="cmre_DerivativeCrossCurrencyInterestRateContractEuroMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative instrument whose primary underlying risk is tied to interest rates and foreign exchange rates.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DerivativeCrossCurrencyInterestRateContractEuroMember" xlink:to="cmre_DerivativeCrossCurrencyInterestRateContractEuroMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CrossCurrencyInterestRateContractEuroEffective2152021Member" xlink:label="cmre_CrossCurrencyInterestRateContractEuroEffective2152021Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_CrossCurrencyInterestRateContractEuroEffective2152021Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cross Currency Interest Rate Contract, Euro, Effective 21/5/2021 [Member]</link:label>
    <link:label xlink:label="cmre_CrossCurrencyInterestRateContractEuroEffective2152021Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative instrument whose primary underlying risk is tied to interest rates and foreign exchange rates.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CrossCurrencyInterestRateContractEuroEffective2152021Member" xlink:to="cmre_CrossCurrencyInterestRateContractEuroEffective2152021Member-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AccumulatedOtherComprehensiveIncomeMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">AOCI Attributable to Parent [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AccumulatedOtherComprehensiveIncomeMember" xlink:to="us-gaap_AccumulatedOtherComprehensiveIncomeMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_CrossCurrencyInterestRateContractEffective2152021Member" xlink:label="cmre_CrossCurrencyInterestRateContractEffective2152021Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_CrossCurrencyInterestRateContractEffective2152021Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Cross Currency Interest Rate Contract, Effective 21/5/2021 [Member]</link:label>
    <link:label xlink:label="cmre_CrossCurrencyInterestRateContractEffective2152021Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Derivative instrument whose primary underlying risk is tied to interest rates and foreign exchange rates.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_CrossCurrencyInterestRateContractEffective2152021Member" xlink:to="cmre_CrossCurrencyInterestRateContractEffective2152021Member-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockholdersEquityAbstract" xlink:label="us-gaap_StockholdersEquityAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockholdersEquityAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">STOCKHOLDERS&#8217; EQUITY:</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquityAbstract" xlink:to="us-gaap_StockholdersEquityAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount" xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Temporary equity &#8211; Redeemable non-controlling interest in subsidiary &#8211; (Note 15)</link:label>
    <link:label xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance, January 1, 2022</link:label>
    <link:label xlink:label="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance, December 31, 2022</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount" xlink:to="us-gaap_RedeemableNoncontrollingInterestEquityCarryingAmount-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_Liabilities" xlink:label="us-gaap_Liabilities" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_Liabilities-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_Liabilities</link:label>
    <link:label xlink:label="us-gaap_Liabilities-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_Liabilities" xlink:to="us-gaap_Liabilities-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommitmentsAndContingencies" xlink:label="us-gaap_CommitmentsAndContingencies" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommitmentsAndContingencies-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">COMMITMENTS AND CONTINGENCIES (Note 14)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommitmentsAndContingencies" xlink:to="us-gaap_CommitmentsAndContingencies-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_CounterpartyNameAxis" xlink:label="srt_CounterpartyNameAxis" xlink:type="locator"/>
    <link:label xlink:label="srt_CounterpartyNameAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CounterpartyNameAxis" xlink:to="srt_CounterpartyNameAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_RepurchaseAgreementCounterpartyNameDomain" xlink:label="srt_RepurchaseAgreementCounterpartyNameDomain" xlink:type="locator"/>
    <link:label xlink:label="srt_RepurchaseAgreementCounterpartyNameDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Counterparty Name [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_RepurchaseAgreementCounterpartyNameDomain" xlink:to="srt_RepurchaseAgreementCounterpartyNameDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ConsolidationItemsDomain" xlink:label="srt_ConsolidationItemsDomain" xlink:type="locator"/>
    <link:label xlink:label="srt_ConsolidationItemsDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation Items [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidationItemsDomain" xlink:to="srt_ConsolidationItemsDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DueToRelatedPartiesCurrentAndNoncurrent</link:label>
    <link:label xlink:label="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Due to Related Parties, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent" xlink:to="us-gaap_DueToRelatedPartiesCurrentAndNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InvestmentStatedInterestRatePayableQuarterly" xlink:label="cmre_InvestmentStatedInterestRatePayableQuarterly" xlink:type="locator"/>
    <link:label xlink:label="cmre_InvestmentStatedInterestRatePayableQuarterly-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_InvestmentStatedInterestRatePayableQuarterly</link:label>
    <link:label xlink:label="cmre_InvestmentStatedInterestRatePayableQuarterly-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment Stated Interest Rate, Payable Quarterly</link:label>
    <link:label xlink:label="cmre_InvestmentStatedInterestRatePayableQuarterly-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Portion of the stated investment interest rate that is payable quarterly.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InvestmentStatedInterestRatePayableQuarterly" xlink:to="cmre_InvestmentStatedInterestRatePayableQuarterly-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InvestmentStatedInterestRate" xlink:label="cmre_InvestmentStatedInterestRate" xlink:type="locator"/>
    <link:label xlink:label="cmre_InvestmentStatedInterestRate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_InvestmentStatedInterestRate</link:label>
    <link:label xlink:label="cmre_InvestmentStatedInterestRate-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment Stated Interest Rate</link:label>
    <link:label xlink:label="cmre_InvestmentStatedInterestRate-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The stated interest rate of an investment.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InvestmentStatedInterestRate" xlink:to="cmre_InvestmentStatedInterestRate-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ConsolidationItemsAxis" xlink:label="srt_ConsolidationItemsAxis" xlink:type="locator"/>
    <link:label xlink:label="srt_ConsolidationItemsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidation Items [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidationItemsAxis" xlink:to="srt_ConsolidationItemsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_InvestmentInterestRateStatedPercentageDeferredAccrual" xlink:label="cmre_InvestmentInterestRateStatedPercentageDeferredAccrual" xlink:type="locator"/>
    <link:label xlink:label="cmre_InvestmentInterestRateStatedPercentageDeferredAccrual-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_InvestmentInterestRateStatedPercentageDeferredAccrual</link:label>
    <link:label xlink:label="cmre_InvestmentInterestRateStatedPercentageDeferredAccrual-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Investment Interest Rate, Stated Percentage, Deferred Accrual</link:label>
    <link:label xlink:label="cmre_InvestmentInterestRateStatedPercentageDeferredAccrual-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The portion of investment interest rate that accrues quarterly, but payment is deferred until maturity.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_InvestmentInterestRateStatedPercentageDeferredAccrual" xlink:to="cmre_InvestmentInterestRateStatedPercentageDeferredAccrual-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="srt_ConsolidatedEntitiesAxis" xlink:type="locator"/>
    <link:label xlink:label="srt_ConsolidatedEntitiesAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidated Entities [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesAxis" xlink:to="srt_ConsolidatedEntitiesAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/srt/2022/elts/srt-2022.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="srt_ConsolidatedEntitiesDomain" xlink:type="locator"/>
    <link:label xlink:label="srt_ConsolidatedEntitiesDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Consolidated Entities [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesDomain" xlink:to="srt_ConsolidatedEntitiesDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:label="us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentsDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investments and Joint Ventures Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentsDisclosureTextBlock" xlink:to="us-gaap_EquityMethodInvestmentsDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquityMethodInvestmentsTextBlock" xlink:label="us-gaap_EquityMethodInvestmentsTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityMethodInvestmentsTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Method Investments [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityMethodInvestmentsTextBlock" xlink:to="us-gaap_EquityMethodInvestmentsTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BuilderPegasusAdventureEraclePeaceSauvanPrideAllianceManzanilloAcuitySeabirdAeolianComityAthenaFarmerAndGrenetaMember" xlink:label="cmre_BuilderPegasusAdventureEraclePeaceSauvanPrideAllianceManzanilloAcuitySeabirdAeolianComityAthenaFarmerAndGrenetaMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_BuilderPegasusAdventureEraclePeaceSauvanPrideAllianceManzanilloAcuitySeabirdAeolianComityAthenaFarmerAndGrenetaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Builder, Pegasus, Adventure, Eracle, Peace, Sauvan, Pride, Alliance, Manzanillo, Acuity, Seabird, Aeolian, Comity, Athena, Farmer and Greneta [Member]</link:label>
    <link:label xlink:label="cmre_BuilderPegasusAdventureEraclePeaceSauvanPrideAllianceManzanilloAcuitySeabirdAeolianComityAthenaFarmerAndGrenetaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to boats.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BuilderPegasusAdventureEraclePeaceSauvanPrideAllianceManzanilloAcuitySeabirdAeolianComityAthenaFarmerAndGrenetaMember" xlink:to="cmre_BuilderPegasusAdventureEraclePeaceSauvanPrideAllianceManzanilloAcuitySeabirdAeolianComityAthenaFarmerAndGrenetaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BernisVerityDawnDiscoveryClaraSerenaMeridaProgressMinerParityUruguayResourceKonstantinosTaiboThunderEquityCetusExCharmCuracaoRoseBermondiTitanIOrionAndMorePMember" xlink:label="cmre_BernisVerityDawnDiscoveryClaraSerenaMeridaProgressMinerParityUruguayResourceKonstantinosTaiboThunderEquityCetusExCharmCuracaoRoseBermondiTitanIOrionAndMorePMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_BernisVerityDawnDiscoveryClaraSerenaMeridaProgressMinerParityUruguayResourceKonstantinosTaiboThunderEquityCetusExCharmCuracaoRoseBermondiTitanIOrionAndMorePMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Bernis, Verity, Dawn, Discovery, Clara, Serena, Merida, Progress, Miner, Parity, Uruguay, Resource, Konstantinos, Taibo, Thunder, Equity, Cetus (ex. Charm), Curacao, Rose, Bermondi, Titan I, Orion, and More [Member]</link:label>
    <link:label xlink:label="cmre_BernisVerityDawnDiscoveryClaraSerenaMeridaProgressMinerParityUruguayResourceKonstantinosTaiboThunderEquityCetusExCharmCuracaoRoseBermondiTitanIOrionAndMorePMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to boats.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BernisVerityDawnDiscoveryClaraSerenaMeridaProgressMinerParityUruguayResourceKonstantinosTaiboThunderEquityCetusExCharmCuracaoRoseBermondiTitanIOrionAndMorePMember" xlink:to="cmre_BernisVerityDawnDiscoveryClaraSerenaMeridaProgressMinerParityUruguayResourceKonstantinosTaiboThunderEquityCetusExCharmCuracaoRoseBermondiTitanIOrionAndMorePMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_PreferredStockPurchaseRightsMember" xlink:label="cmre_PreferredStockPurchaseRightsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_PreferredStockPurchaseRightsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock Purchase Rights [Member]</link:label>
    <link:label xlink:label="cmre_PreferredStockPurchaseRightsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to preferred sock purchase rights.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_PreferredStockPurchaseRightsMember" xlink:to="cmre_PreferredStockPurchaseRightsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RetainedEarningsMember" xlink:label="us-gaap_RetainedEarningsMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RetainedEarningsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Retained Earnings [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RetainedEarningsMember" xlink:to="us-gaap_RetainedEarningsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDate" xlink:label="us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDate" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDate-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDate</link:label>
    <link:label xlink:label="us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDate-label" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDate" xlink:to="us-gaap_UnbilledReceivablesNotBillableAtBalanceSheetDate-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_TreasuryStockMember" xlink:label="us-gaap_TreasuryStockMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_TreasuryStockMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Treasury Stock [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_TreasuryStockMember" xlink:to="us-gaap_TreasuryStockMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_AdditionalPaidInCapitalMember" xlink:label="us-gaap_AdditionalPaidInCapitalMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_AdditionalPaidInCapitalMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Additional Paid-in Capital [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_AdditionalPaidInCapitalMember" xlink:to="us-gaap_AdditionalPaidInCapitalMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_CommonStockMember" xlink:label="us-gaap_CommonStockMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_CommonStockMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Common Stock [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_CommonStockMember" xlink:to="us-gaap_CommonStockMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_StockRepurchaseProgramAuthorizedAmount1</link:label>
    <link:label xlink:label="us-gaap_StockRepurchaseProgramAuthorizedAmount1-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Stock Repurchase Program, Authorized Amount</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockRepurchaseProgramAuthorizedAmount1" xlink:to="us-gaap_StockRepurchaseProgramAuthorizedAmount1-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_PreferredStockMember" xlink:label="us-gaap_PreferredStockMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_PreferredStockMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Preferred Stock [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_PreferredStockMember" xlink:to="us-gaap_PreferredStockMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementEquityComponentsAxis" xlink:label="us-gaap_StatementEquityComponentsAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StatementEquityComponentsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Components [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementEquityComponentsAxis" xlink:to="us-gaap_StatementEquityComponentsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_EquityComponentDomain" xlink:label="us-gaap_EquityComponentDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_EquityComponentDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Equity Component [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_EquityComponentDomain" xlink:to="us-gaap_EquityComponentDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherLongTermDebt" xlink:label="us-gaap_OtherLongTermDebt" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherLongTermDebt-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Other financing arrangements</link:label>
    <link:label xlink:label="us-gaap_OtherLongTermDebt-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_OtherLongTermDebt</link:label>
    <link:label xlink:label="us-gaap_OtherLongTermDebt-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Long-Term Debt, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherLongTermDebt" xlink:to="us-gaap_OtherLongTermDebt-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebt" xlink:label="us-gaap_LongTermDebt" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongTermDebt-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LongTermDebt</link:label>
    <link:label xlink:label="us-gaap_LongTermDebt-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total long-term debt, net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebt" xlink:to="us-gaap_LongTermDebt-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DyrosMember" xlink:label="cmre_DyrosMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_DyrosMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Dyros [Member]</link:label>
    <link:label xlink:label="cmre_DyrosMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the Dyros.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DyrosMember" xlink:to="cmre_DyrosMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SealandIllinoisSealandMichiganYorkAndMessiniMember" xlink:label="cmre_SealandIllinoisSealandMichiganYorkAndMessiniMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_SealandIllinoisSealandMichiganYorkAndMessiniMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sealand Illinois, Sealand Michigan, York and Messini [Member]</link:label>
    <link:label xlink:label="cmre_SealandIllinoisSealandMichiganYorkAndMessiniMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to Sealand Illinois, Sealand Michigan, York and Messini.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SealandIllinoisSealandMichiganYorkAndMessiniMember" xlink:to="cmre_SealandIllinoisSealandMichiganYorkAndMessiniMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ThirdQuarterOf2021Member" xlink:label="cmre_ThirdQuarterOf2021Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_ThirdQuarterOf2021Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Third Quarter of 2021 [Member]</link:label>
    <link:label xlink:label="cmre_ThirdQuarterOf2021Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the third quarter of 2021.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ThirdQuarterOf2021Member" xlink:to="cmre_ThirdQuarterOf2021Member-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_BelstarTbrOracleAndUniversalBremenTbrLibraMember" xlink:label="cmre_BelstarTbrOracleAndUniversalBremenTbrLibraMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_BelstarTbrOracleAndUniversalBremenTbrLibraMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Belstar (tbr. Oracle) and Universal Bremen (tbr. Libra) [Member]</link:label>
    <link:label xlink:label="cmre_BelstarTbrOracleAndUniversalBremenTbrLibraMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to Belstar (tbr. Oracle) and Universal Bremen (tbr. Libra).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_BelstarTbrOracleAndUniversalBremenTbrLibraMember" xlink:to="cmre_BelstarTbrOracleAndUniversalBremenTbrLibraMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DeferredRevenueCurrent" xlink:label="us-gaap_DeferredRevenueCurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredRevenueCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unearned revenue (Note 13)</link:label>
    <link:label xlink:label="us-gaap_DeferredRevenueCurrent-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Less current portion</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenueCurrent" xlink:to="us-gaap_DeferredRevenueCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DeferredRevenueNoncurrent" xlink:label="us-gaap_DeferredRevenueNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredRevenueNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unearned revenue, net of current portion (Note 13)</link:label>
    <link:label xlink:label="us-gaap_DeferredRevenueNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Non-current portion</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenueNoncurrent" xlink:to="us-gaap_DeferredRevenueNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DeferredRevenueMember" xlink:label="cmre_DeferredRevenueMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_DeferredRevenueMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Revenue [Member]</link:label>
    <link:label xlink:label="cmre_DeferredRevenueMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents deferred revenue.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DeferredRevenueMember" xlink:to="cmre_DeferredRevenueMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VesselsAndAdvancesNetTextBlock" xlink:label="cmre_VesselsAndAdvancesNetTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_VesselsAndAdvancesNetTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessels and advances, net [Text block]</link:label>
    <link:label xlink:label="cmre_VesselsAndAdvancesNetTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of vessels net of accumulated depreciation, additions to vessels' cost and advances for vessel acquisitions and or vessels under construction.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VesselsAndAdvancesNetTextBlock" xlink:to="cmre_VesselsAndAdvancesNetTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SecondQuarterOf2021Member" xlink:label="cmre_SecondQuarterOf2021Member" xlink:type="locator"/>
    <link:label xlink:label="cmre_SecondQuarterOf2021Member-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Second Quarter of 2021 [Member]</link:label>
    <link:label xlink:label="cmre_SecondQuarterOf2021Member-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the second quarter of 2021.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SecondQuarterOf2021Member" xlink:to="cmre_SecondQuarterOf2021Member-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DeferredRevenueByArrangementDisclosureTextBlock" xlink:label="us-gaap_DeferredRevenueByArrangementDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredRevenueByArrangementDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Deferred Revenue, by Arrangement, Disclosure [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenueByArrangementDisclosureTextBlock" xlink:to="us-gaap_DeferredRevenueByArrangementDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_April152021ToJuly142021DividendsMember" xlink:label="cmre_April152021ToJuly142021DividendsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_April152021ToJuly142021DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">April 15, 2021 to July 14, 2021 Dividends [Member]</link:label>
    <link:label xlink:label="cmre_April152021ToJuly142021DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents April 15, 2021 to July 14, 2021 Dividends.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_April152021ToJuly142021DividendsMember" xlink:to="cmre_April152021ToJuly142021DividendsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VesselsAndAdvancesNet" xlink:label="cmre_VesselsAndAdvancesNet" xlink:type="locator"/>
    <link:label xlink:label="cmre_VesselsAndAdvancesNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessels and advances, net (Note 7)</link:label>
    <link:label xlink:label="cmre_VesselsAndAdvancesNet-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">This element includes vessels' book value net of accumulated depreciation and advances for vessel acquisitions and or under construction.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VesselsAndAdvancesNet" xlink:to="cmre_VesselsAndAdvancesNet-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_July152021ToOctober142021DividendsMember" xlink:label="cmre_July152021ToOctober142021DividendsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_July152021ToOctober142021DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">July 15, 2021 to October 14, 2021 Dividends [Member]</link:label>
    <link:label xlink:label="cmre_July152021ToOctober142021DividendsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents July 15, 2021 to October 14, 2021 Dividends.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_July152021ToOctober142021DividendsMember" xlink:to="cmre_July152021ToOctober142021DividendsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SaleLeasebackTransactionsRegardingTheVesselsLeonidioAndKyparissiaMember" xlink:label="cmre_SaleLeasebackTransactionsRegardingTheVesselsLeonidioAndKyparissiaMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_SaleLeasebackTransactionsRegardingTheVesselsLeonidioAndKyparissiaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Sale Leaseback Transactions Regarding the Vessels Leonidio and Kyparissia [Member]</link:label>
    <link:label xlink:label="cmre_SaleLeasebackTransactionsRegardingTheVesselsLeonidioAndKyparissiaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Refers to the sales leaseback regarding the vessels Leonidio and Kyparissia.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SaleLeasebackTransactionsRegardingTheVesselsLeonidioAndKyparissiaMember" xlink:to="cmre_SaleLeasebackTransactionsRegardingTheVesselsLeonidioAndKyparissiaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ScheduleVesselsAndAdvancesNetTableTextBlock" xlink:label="cmre_ScheduleVesselsAndAdvancesNetTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_ScheduleVesselsAndAdvancesNetTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Schedule Vessels and Advances, Net [Table Text Block]</link:label>
    <link:label xlink:label="cmre_ScheduleVesselsAndAdvancesNetTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Tabular disclosure of the cost and accumulated depreciation of vessels that are used in the normal conduct of business to produce goods and services and not intended for resale and advances for vessel acquisitions and or vessels under construction.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ScheduleVesselsAndAdvancesNetTableTextBlock" xlink:to="cmre_ScheduleVesselsAndAdvancesNetTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AccruedCharterRevenueLiability" xlink:label="cmre_AccruedCharterRevenueLiability" xlink:type="locator"/>
    <link:label xlink:label="cmre_AccruedCharterRevenueLiability-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AccruedCharterRevenueLiability</link:label>
    <link:label xlink:label="cmre_AccruedCharterRevenueLiability-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued Charter Revenue Liability</link:label>
    <link:label xlink:label="cmre_AccruedCharterRevenueLiability-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of accrued charter revenue liability.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AccruedCharterRevenueLiability" xlink:to="cmre_AccruedCharterRevenueLiability-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AccruedCharterRevenueCurrent" xlink:label="cmre_AccruedCharterRevenueCurrent" xlink:type="locator"/>
    <link:label xlink:label="cmre_AccruedCharterRevenueCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_AccruedCharterRevenueCurrent</link:label>
    <link:label xlink:label="cmre_AccruedCharterRevenueCurrent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued Charter Revenue, Current</link:label>
    <link:label xlink:label="cmre_AccruedCharterRevenueCurrent-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">The amount of accrued charter revenue, classified as current.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AccruedCharterRevenueCurrent" xlink:to="cmre_AccruedCharterRevenueCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AccruedCharterRevenueNoncurrent" xlink:label="cmre_AccruedCharterRevenueNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="cmre_AccruedCharterRevenueNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accrued charter revenue, non-current (Note 13)</link:label>
    <link:label xlink:label="cmre_AccruedCharterRevenueNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Accrued Charter Revenue, Noncurrent</link:label>
    <link:label xlink:label="cmre_AccruedCharterRevenueNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Non-Current portion of revenue earned, but not collected, resulting from charter agreements providing for varying annual charter rates over their terms, which were accounted for on a straight-line basis at their average rates.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AccruedCharterRevenueNoncurrent" xlink:to="cmre_AccruedCharterRevenueNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_SwapInterestExpenseNet" xlink:label="cmre_SwapInterestExpenseNet" xlink:type="locator"/>
    <link:label xlink:label="cmre_SwapInterestExpenseNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Derivatives&#8217; effect</link:label>
    <link:label xlink:label="cmre_SwapInterestExpenseNet-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Interest expense for interest rate swaps qualifying for cash flow hedge during the reporting period.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_SwapInterestExpenseNet" xlink:to="cmre_SwapInterestExpenseNet-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DeferredRevenue" xlink:label="us-gaap_DeferredRevenue" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredRevenue-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Unearned Revenue</link:label>
    <link:label xlink:label="us-gaap_DeferredRevenue-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredRevenue</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredRevenue" xlink:to="us-gaap_DeferredRevenue-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DeferredFinanceCostsCurrentNet" xlink:label="us-gaap_DeferredFinanceCostsCurrentNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DeferredFinanceCostsCurrentNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DeferredFinanceCostsCurrentNet</link:label>
    <link:label xlink:label="us-gaap_DeferredFinanceCostsCurrentNet-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Add: Deferred financing costs, current portion</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DeferredFinanceCostsCurrentNet" xlink:to="us-gaap_DeferredFinanceCostsCurrentNet-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VenetikoMember" xlink:label="cmre_VenetikoMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_VenetikoMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Venetiko [Member]</link:label>
    <link:label xlink:label="cmre_VenetikoMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to Venetiko.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VenetikoMember" xlink:to="cmre_VenetikoMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentAnnualReport" xlink:label="dei_DocumentAnnualReport" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentAnnualReport-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Annual Report</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAnnualReport" xlink:to="dei_DocumentAnnualReport-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AcquisitionOfPegasusEraclePeaceSauvanPrideAcuityComityAndAthenaMember" xlink:label="cmre_AcquisitionOfPegasusEraclePeaceSauvanPrideAcuityComityAndAthenaMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_AcquisitionOfPegasusEraclePeaceSauvanPrideAcuityComityAndAthenaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition of Pegasus, Eracle, Peace, Sauvan, Pride, Acuity, Comity and Athena [Member]</link:label>
    <link:label xlink:label="cmre_AcquisitionOfPegasusEraclePeaceSauvanPrideAcuityComityAndAthenaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to Pegasus, Eracle, Peace, Sauvan, Pride, Acuity, Comity and Athena acquisition debt.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AcquisitionOfPegasusEraclePeaceSauvanPrideAcuityComityAndAthenaMember" xlink:to="cmre_AcquisitionOfPegasusEraclePeaceSauvanPrideAcuityComityAndAthenaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_BalanceSheetLocationAxis" xlink:label="us-gaap_BalanceSheetLocationAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_BalanceSheetLocationAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BalanceSheetLocationAxis" xlink:to="us-gaap_BalanceSheetLocationAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ZIMShanghaiMember" xlink:label="cmre_ZIMShanghaiMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ZIMShanghaiMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ZIM Shanghai [Member]</link:label>
    <link:label xlink:label="cmre_ZIMShanghaiMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to ZIM Shanghai.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ZIMShanghaiMember" xlink:to="cmre_ZIMShanghaiMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_BalanceSheetLocationDomain" xlink:label="us-gaap_BalanceSheetLocationDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_BalanceSheetLocationDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Balance Sheet Location [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_BalanceSheetLocationDomain" xlink:to="us-gaap_BalanceSheetLocationDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ZIMNewYorkMember" xlink:label="cmre_ZIMNewYorkMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ZIMNewYorkMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">ZIM New York [Member]</link:label>
    <link:label xlink:label="cmre_ZIMNewYorkMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to ZIM New York.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ZIMNewYorkMember" xlink:to="cmre_ZIMNewYorkMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityIncorporationStateCountryCode" xlink:label="dei_EntityIncorporationStateCountryCode" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityIncorporationStateCountryCode-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Incorporation, State or Country Code</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityIncorporationStateCountryCode" xlink:to="dei_EntityIncorporationStateCountryCode-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_GeneralAndAdministrativeExpenseMember" xlink:label="us-gaap_GeneralAndAdministrativeExpenseMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_GeneralAndAdministrativeExpenseMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">General and Administrative Expense [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_GeneralAndAdministrativeExpenseMember" xlink:to="us-gaap_GeneralAndAdministrativeExpenseMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DebtInstrumentCarryingAmount" xlink:label="us-gaap_DebtInstrumentCarryingAmount" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DebtInstrumentCarryingAmount-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Long-term debt</link:label>
    <link:label xlink:label="us-gaap_DebtInstrumentCarryingAmount-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DebtInstrumentCarryingAmount</link:label>
    <link:label xlink:label="us-gaap_DebtInstrumentCarryingAmount-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Long-Term Debt, Gross</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DebtInstrumentCarryingAmount" xlink:to="us-gaap_DebtInstrumentCarryingAmount-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_DocumentTransitionReport" xlink:label="dei_DocumentTransitionReport" xlink:type="locator"/>
    <link:label xlink:label="dei_DocumentTransitionReport-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Document Transition Report</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentTransitionReport" xlink:to="dei_DocumentTransitionReport-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" xlink:type="locator"/>
    <link:label xlink:label="dei_NoTradingSymbolFlag-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">No Trading Symbol Flag</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AcquisitionOfBuilderAdventureManzanilloAllianceSeabirdAeolianFarmerAndGrenetaMember" xlink:label="cmre_AcquisitionOfBuilderAdventureManzanilloAllianceSeabirdAeolianFarmerAndGrenetaMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_AcquisitionOfBuilderAdventureManzanilloAllianceSeabirdAeolianFarmerAndGrenetaMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Acquisition of Builder, Adventure, Manzanillo, Alliance, Seabird, Aeolian, Farmer and Greneta [Member]</link:label>
    <link:label xlink:label="cmre_AcquisitionOfBuilderAdventureManzanilloAllianceSeabirdAeolianFarmerAndGrenetaMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to Builder, Adventure, Manzanillo, Alliance, Seabird, Aeolian, Farmer and Greneta acquisition debt.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AcquisitionOfBuilderAdventureManzanilloAllianceSeabirdAeolianFarmerAndGrenetaMember" xlink:to="cmre_AcquisitionOfBuilderAdventureManzanilloAllianceSeabirdAeolianFarmerAndGrenetaMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" xlink:type="locator"/>
    <link:label xlink:label="dei_EntityInteractiveDataCurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RefinanceTermLoansForEquityThunderRoseAndClaraMember" xlink:label="cmre_RefinanceTermLoansForEquityThunderRoseAndClaraMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_RefinanceTermLoansForEquityThunderRoseAndClaraMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Refinance Term Loans for Equity, Thunder, Rose and Clara [Member]</link:label>
    <link:label xlink:label="cmre_RefinanceTermLoansForEquityThunderRoseAndClaraMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to refinance term loans for Equity, Thunder, Rose and Clara.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RefinanceTermLoansForEquityThunderRoseAndClaraMember" xlink:to="cmre_RefinanceTermLoansForEquityThunderRoseAndClaraMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_RefinanceTermLoanForBernisVerityDawnDiscoveryAndParityMember" xlink:label="cmre_RefinanceTermLoanForBernisVerityDawnDiscoveryAndParityMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_RefinanceTermLoanForBernisVerityDawnDiscoveryAndParityMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Refinance Term Loan for Bernis, Verity, Dawn, Discovery and Parity [Member]</link:label>
    <link:label xlink:label="cmre_RefinanceTermLoanForBernisVerityDawnDiscoveryAndParityMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to refinance term loan for Bernis, Verity, Dawn, Discovery and Parity.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_RefinanceTermLoanForBernisVerityDawnDiscoveryAndParityMember" xlink:to="cmre_RefinanceTermLoanForBernisVerityDawnDiscoveryAndParityMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_HuntingLicenseFacilityAgreementForPythiasEgyptianMikePhoenixBelstarTbrOracleUniversalBremenTbrLibraMember" xlink:label="cmre_HuntingLicenseFacilityAgreementForPythiasEgyptianMikePhoenixBelstarTbrOracleUniversalBremenTbrLibraMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_HuntingLicenseFacilityAgreementForPythiasEgyptianMikePhoenixBelstarTbrOracleUniversalBremenTbrLibraMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hunting License Facility Agreement for Pythias, Egyptian Mike, Phoenix, Belstar (tbr Oracle), Universal Bremen (tbr Libra) [Member]</link:label>
    <link:label xlink:label="cmre_HuntingLicenseFacilityAgreementForPythiasEgyptianMikePhoenixBelstarTbrOracleUniversalBremenTbrLibraMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to Hunting License Facility Agreement for Pythias, Egyptian Mike, Phoenix, Belstar (tbr Oracle), Universal Bremen (tbr Libra).</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_HuntingLicenseFacilityAgreementForPythiasEgyptianMikePhoenixBelstarTbrOracleUniversalBremenTbrLibraMember" xlink:to="cmre_HuntingLicenseFacilityAgreementForPythiasEgyptianMikePhoenixBelstarTbrOracleUniversalBremenTbrLibraMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherNonoperatingIncomeExpenseMember" xlink:label="us-gaap_OtherNonoperatingIncomeExpenseMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherNonoperatingIncomeExpenseMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Other Nonoperating Income (Expense) [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherNonoperatingIncomeExpenseMember" xlink:to="us-gaap_OtherNonoperatingIncomeExpenseMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" xlink:type="locator"/>
    <link:label xlink:label="dei_SecurityExchangeName-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Security Exchange Name</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_HuntingLicenseFacilityToPurchaseProgressMeridaMinerUruguayResourceKonstantinosCetusExCharmTitanIBermondiOrionMerchiaAndDamonMember" xlink:label="cmre_HuntingLicenseFacilityToPurchaseProgressMeridaMinerUruguayResourceKonstantinosCetusExCharmTitanIBermondiOrionMerchiaAndDamonMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_HuntingLicenseFacilityToPurchaseProgressMeridaMinerUruguayResourceKonstantinosCetusExCharmTitanIBermondiOrionMerchiaAndDamonMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hunting License Facility to Purchase Progress, Merida, Miner, Uruguay, Resource, Konstantinos, Cetus (ex. Charm), Titan I, Bermondi, Orion, Merchia and Damon [Member]</link:label>
    <link:label xlink:label="cmre_HuntingLicenseFacilityToPurchaseProgressMeridaMinerUruguayResourceKonstantinosCetusExCharmTitanIBermondiOrionMerchiaAndDamonMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to Hunting License Facility to acquire Progress, Merida, Miner, Uruguay, Resource, Konstantinos, Cetus (ex. Charm), Titan I, Bermondi, Orion, Merchia and Damon.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_HuntingLicenseFacilityToPurchaseProgressMeridaMinerUruguayResourceKonstantinosCetusExCharmTitanIBermondiOrionMerchiaAndDamonMember" xlink:to="cmre_HuntingLicenseFacilityToPurchaseProgressMeridaMinerUruguayResourceKonstantinosCetusExCharmTitanIBermondiOrionMerchiaAndDamonMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_HuntingLicenseFacilityAgreementToAcquireBernisVerityDawnDiscoveryClaraSerenaParityTaiboThunderEquityCuracaoAndRoseMember" xlink:label="cmre_HuntingLicenseFacilityAgreementToAcquireBernisVerityDawnDiscoveryClaraSerenaParityTaiboThunderEquityCuracaoAndRoseMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_HuntingLicenseFacilityAgreementToAcquireBernisVerityDawnDiscoveryClaraSerenaParityTaiboThunderEquityCuracaoAndRoseMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hunting License Facility Agreement to Acquire Bernis, Verity, Dawn, Discovery, Clara, Serena, Parity, Taibo, Thunder, Equity, Curacao and Rose [Member]</link:label>
    <link:label xlink:label="cmre_HuntingLicenseFacilityAgreementToAcquireBernisVerityDawnDiscoveryClaraSerenaParityTaiboThunderEquityCuracaoAndRoseMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to Hunting License Facility to acquire Bernis, Verity, Dawn, Discovery, Clara, Serena, Parity, Taibo, Thunder, Equity, Curacao and Rose.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_HuntingLicenseFacilityAgreementToAcquireBernisVerityDawnDiscoveryClaraSerenaParityTaiboThunderEquityCuracaoAndRoseMember" xlink:to="cmre_HuntingLicenseFacilityAgreementToAcquireBernisVerityDawnDiscoveryClaraSerenaParityTaiboThunderEquityCuracaoAndRoseMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.sec.gov/dei/2022/dei-2022.xsd#dei_Security12bTitle" xlink:label="dei_Security12bTitle" xlink:type="locator"/>
    <link:label xlink:label="dei_Security12bTitle-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Title of 12(b) Security</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_Security12bTitle" xlink:to="dei_Security12bTitle-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_HuntingLicenseFacilityAgreementForDryBulkVesselsMember" xlink:label="cmre_HuntingLicenseFacilityAgreementForDryBulkVesselsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_HuntingLicenseFacilityAgreementForDryBulkVesselsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Hunting License Facility Agreement for Dry Bulk Vessels [Member]</link:label>
    <link:label xlink:label="cmre_HuntingLicenseFacilityAgreementForDryBulkVesselsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to Hunting License Facility Agreement for Dry Bulk Vessels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_HuntingLicenseFacilityAgreementForDryBulkVesselsMember" xlink:to="cmre_HuntingLicenseFacilityAgreementForDryBulkVesselsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AinsleyMaritimeCoAndAmbroseMaritimeCoLoanAgreementEachTrancheMember" xlink:label="cmre_AinsleyMaritimeCoAndAmbroseMaritimeCoLoanAgreementEachTrancheMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_AinsleyMaritimeCoAndAmbroseMaritimeCoLoanAgreementEachTrancheMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Ainsley Maritime Co. and Ambrose Maritime Co. Loan Agreement Each Tranche [Member]</link:label>
    <link:label xlink:label="cmre_AinsleyMaritimeCoAndAmbroseMaritimeCoLoanAgreementEachTrancheMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Related to debt.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AinsleyMaritimeCoAndAmbroseMaritimeCoLoanAgreementEachTrancheMember" xlink:to="cmre_AinsleyMaritimeCoAndAmbroseMaritimeCoLoanAgreementEachTrancheMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeStatementLocationAxis" xlink:label="us-gaap_IncomeStatementLocationAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeStatementLocationAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationAxis" xlink:to="us-gaap_IncomeStatementLocationAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeStatementLocationDomain" xlink:label="us-gaap_IncomeStatementLocationDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeStatementLocationDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement Location [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementLocationDomain" xlink:to="us-gaap_IncomeStatementLocationDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners</link:label>
    <link:label xlink:label="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners" xlink:to="us-gaap_MinorityInterestOwnershipPercentageByNoncontrollingOwners-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:label="us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral</link:label>
    <link:label xlink:label="us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral" xlink:to="us-gaap_DerivativeFairValueOfDerivativeAssetAmountNotOffsetAgainstCollateral-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementBusinessSegmentsAxis" xlink:label="us-gaap_StatementBusinessSegmentsAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StatementBusinessSegmentsAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementBusinessSegmentsAxis" xlink:to="us-gaap_StatementBusinessSegmentsAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_SegmentDomain" xlink:label="us-gaap_SegmentDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_SegmentDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Segments [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_SegmentDomain" xlink:to="us-gaap_SegmentDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_RedeemableNoncontrollingInterestTableTextBlock" xlink:label="us-gaap_RedeemableNoncontrollingInterestTableTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_RedeemableNoncontrollingInterestTableTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Redeemable Noncontrolling Interest [Table Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_RedeemableNoncontrollingInterestTableTextBlock" xlink:to="us-gaap_RedeemableNoncontrollingInterestTableTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AmortizationOfAssumedTimeCharter" xlink:label="cmre_AmortizationOfAssumedTimeCharter" xlink:type="locator"/>
    <link:label xlink:label="cmre_AmortizationOfAssumedTimeCharter-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Amortization of assumed time charter</link:label>
    <link:label xlink:label="cmre_AmortizationOfAssumedTimeCharter-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents the amortization expense of Time charter assumed amounted and is included in Voyage revenue in the 2018 accompanying consolidated statement of income.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AmortizationOfAssumedTimeCharter" xlink:to="cmre_AmortizationOfAssumedTimeCharter-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StatementTable" xlink:label="us-gaap_StatementTable" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StatementTable-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Statement [Table]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StatementTable" xlink:to="us-gaap_StatementTable-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_MinorityInterestOwnershipPercentageByParent</link:label>
    <link:label xlink:label="us-gaap_MinorityInterestOwnershipPercentageByParent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest, Ownership Percentage by Parent</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestOwnershipPercentageByParent" xlink:to="us-gaap_MinorityInterestOwnershipPercentageByParent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_MinorityInterestDisclosureTextBlock" xlink:label="us-gaap_MinorityInterestDisclosureTextBlock" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_MinorityInterestDisclosureTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Noncontrolling Interest Disclosure [Text Block]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_MinorityInterestDisclosureTextBlock" xlink:to="us-gaap_MinorityInterestDisclosureTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_LongLivedAssetsFinanceLeasesPolicyPolicyTextBlock" xlink:label="cmre_LongLivedAssetsFinanceLeasesPolicyPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_LongLivedAssetsFinanceLeasesPolicyPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long Lived Assets, Finance Leases, Policy [Policy Text Block]</link:label>
    <link:label xlink:label="cmre_LongLivedAssetsFinanceLeasesPolicyPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for long lived assets-financing leases.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_LongLivedAssetsFinanceLeasesPolicyPolicyTextBlock" xlink:to="cmre_LongLivedAssetsFinanceLeasesPolicyPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_TimeChartersAssumedWithTheAcquisitionOfSecondhandVesselsPolicyPolicyTextBlock" xlink:label="cmre_TimeChartersAssumedWithTheAcquisitionOfSecondhandVesselsPolicyPolicyTextBlock" xlink:type="locator"/>
    <link:label xlink:label="cmre_TimeChartersAssumedWithTheAcquisitionOfSecondhandVesselsPolicyPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Time Charters Assumed with the Acquisition of Second-hand Vessels, Policy [Policy Text Block]</link:label>
    <link:label xlink:label="cmre_TimeChartersAssumedWithTheAcquisitionOfSecondhandVesselsPolicyPolicyTextBlock-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Disclosure of accounting policy for Time charters assumed with the acquisition of second-hand vessels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_TimeChartersAssumedWithTheAcquisitionOfSecondhandVesselsPolicyPolicyTextBlock" xlink:to="cmre_TimeChartersAssumedWithTheAcquisitionOfSecondhandVesselsPolicyPolicyTextBlock-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_DeadWeightTonnageOfDrybulkVessels" xlink:label="cmre_DeadWeightTonnageOfDrybulkVessels" xlink:type="locator"/>
    <link:label xlink:label="cmre_DeadWeightTonnageOfDrybulkVessels-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_DeadWeightTonnageOfDrybulkVessels</link:label>
    <link:label xlink:label="cmre_DeadWeightTonnageOfDrybulkVessels-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Dead Weight Tonnage of Dry-bulk Vessels</link:label>
    <link:label xlink:label="cmre_DeadWeightTonnageOfDrybulkVessels-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents dead weight tonnage of dry-bulk vessels.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_DeadWeightTonnageOfDrybulkVessels" xlink:to="cmre_DeadWeightTonnageOfDrybulkVessels-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:label="us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet</link:label>
    <link:label xlink:label="us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative Assets (Liabilities), at Fair Value, Net, Total</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet" xlink:to="us-gaap_DerivativeAssetsLiabilitiesAtFairValueNet-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_IncomeStatementAbstract" xlink:label="us-gaap_IncomeStatementAbstract" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_IncomeStatementAbstract-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Income Statement [Abstract]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_IncomeStatementAbstract" xlink:to="us-gaap_IncomeStatementAbstract-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree</link:label>
    <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2025</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour</link:label>
    <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2026</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive</link:label>
    <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2027</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths</link:label>
    <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2023</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo</link:label>
    <link:label xlink:label="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">2024</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo" xlink:to="us-gaap_LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_VesselCostMember" xlink:label="cmre_VesselCostMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_VesselCostMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Vessel Cost [Member]</link:label>
    <link:label xlink:label="cmre_VesselCostMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents vessel cost.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_VesselCostMember" xlink:to="cmre_VesselCostMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_AccumulatedDepreciationMember" xlink:label="cmre_AccumulatedDepreciationMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_AccumulatedDepreciationMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Accumulated Depreciation [Member]</link:label>
    <link:label xlink:label="cmre_AccumulatedDepreciationMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents accumulated depreciation.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_AccumulatedDepreciationMember" xlink:to="cmre_AccumulatedDepreciationMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NetBookValueMember" xlink:label="cmre_NetBookValueMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_NetBookValueMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Net Book Value [Member]</link:label>
    <link:label xlink:label="cmre_NetBookValueMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents net book value.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NetBookValueMember" xlink:to="cmre_NetBookValueMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_NumberOfVesselsAcquiredUnderSPA" xlink:label="cmre_NumberOfVesselsAcquiredUnderSPA" xlink:type="locator"/>
    <link:label xlink:label="cmre_NumberOfVesselsAcquiredUnderSPA-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_NumberOfVesselsAcquiredUnderSPA</link:label>
    <link:label xlink:label="cmre_NumberOfVesselsAcquiredUnderSPA-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Number of vessels acquired under SPA</link:label>
    <link:label xlink:label="cmre_NumberOfVesselsAcquiredUnderSPA-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents number of vessels acquired under SPA.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_NumberOfVesselsAcquiredUnderSPA" xlink:to="cmre_NumberOfVesselsAcquiredUnderSPA-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeAverageForwardExchangeRate1" xlink:label="us-gaap_DerivativeAverageForwardExchangeRate1" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeAverageForwardExchangeRate1-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DerivativeAverageForwardExchangeRate1</link:label>
    <link:label xlink:label="us-gaap_DerivativeAverageForwardExchangeRate1-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Derivative, Average Forward Exchange Rate</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeAverageForwardExchangeRate1" xlink:to="us-gaap_DerivativeAverageForwardExchangeRate1-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LiabilitiesNoncurrent" xlink:label="us-gaap_LiabilitiesNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LiabilitiesNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Non-current liabilities</link:label>
    <link:label xlink:label="us-gaap_LiabilitiesNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_LiabilitiesNoncurrent</link:label>
    <link:label xlink:label="us-gaap_LiabilitiesNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total non-current liabilities</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LiabilitiesNoncurrent" xlink:to="us-gaap_LiabilitiesNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeFairValueOfDerivativeNet" xlink:label="us-gaap_DerivativeFairValueOfDerivativeNet" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeFairValueOfDerivativeNet-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Fair value</link:label>
    <link:label xlink:label="us-gaap_DerivativeFairValueOfDerivativeNet-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_DerivativeFairValueOfDerivativeNet</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeFairValueOfDerivativeNet" xlink:to="us-gaap_DerivativeFairValueOfDerivativeNet-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_DerivativeLiabilitiesNoncurrent" xlink:label="us-gaap_DerivativeLiabilitiesNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_DerivativeLiabilitiesNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Fair value of derivatives, non-current portion (Notes 20 and 21)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_DerivativeLiabilitiesNoncurrent" xlink:to="us-gaap_DerivativeLiabilitiesNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FinancialArrangementSharePurchaseAgreementMember" xlink:label="cmre_FinancialArrangementSharePurchaseAgreementMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_FinancialArrangementSharePurchaseAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Financial Arrangement, Share Purchase Agreement [Member]</link:label>
    <link:label xlink:label="cmre_FinancialArrangementSharePurchaseAgreementMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents financing arrangement related to share purchase agreement.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FinancialArrangementSharePurchaseAgreementMember" xlink:to="cmre_FinancialArrangementSharePurchaseAgreementMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_ReddickShippingCoAndVerandiShippingTermLoanMember" xlink:label="cmre_ReddickShippingCoAndVerandiShippingTermLoanMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_ReddickShippingCoAndVerandiShippingTermLoanMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Reddick Shipping Co. and Verandi Shipping Co.Term Loan [Member]</link:label>
    <link:label xlink:label="cmre_ReddickShippingCoAndVerandiShippingTermLoanMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents term loan issued by Riddick shipping Co. and Verandi Shipping Co.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_ReddickShippingCoAndVerandiShippingTermLoanMember" xlink:to="cmre_ReddickShippingCoAndVerandiShippingTermLoanMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_FivePreAndPostDeliveryFinancialAgreementsMember" xlink:label="cmre_FivePreAndPostDeliveryFinancialAgreementsMember" xlink:type="locator"/>
    <link:label xlink:label="cmre_FivePreAndPostDeliveryFinancialAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Five Pre- and Post-delivery Financial Agreements [Member]</link:label>
    <link:label xlink:label="cmre_FivePreAndPostDeliveryFinancialAgreementsMember-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Represents information pertaining to five pre- and post-delivery financial agreements.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_FivePreAndPostDeliveryFinancialAgreementsMember" xlink:to="cmre_FivePreAndPostDeliveryFinancialAgreementsMember-label" xlink:type="arc"/>
    <link:loc xlink:href="cmre-20221231.xsd#cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearFour" xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearFour" xlink:type="locator"/>
    <link:label xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearFour-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearFour</link:label>
    <link:label xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearFour-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">2026</link:label>
    <link:label xlink:label="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearFour-label" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xml:lang="en-US">Amount of receivables under long-term contracts that have not been billed and were not billable that are expected to be collected in the forth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date.</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearFour" xlink:to="cmre_UnbilledReceivablesNotBillableAmountExpectedToBeCollectedInYearFour-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_StockholdersEquity" xlink:label="us-gaap_StockholdersEquity" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_StockholdersEquity-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_StockholdersEquity</link:label>
    <link:label xlink:label="us-gaap_StockholdersEquity-label" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xml:lang="en-US">Total stockholders&#8217; equity</link:label>
    <link:label xlink:label="us-gaap_StockholdersEquity-label" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
    <link:label xlink:label="us-gaap_StockholdersEquity-label" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:type="resource" xml:lang="en-US">Balance</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_StockholdersEquity" xlink:to="us-gaap_StockholdersEquity-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_ForeignExchangeForwardMember" xlink:label="us-gaap_ForeignExchangeForwardMember" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_ForeignExchangeForwardMember-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Foreign Exchange Forward [Member]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_ForeignExchangeForwardMember" xlink:to="us-gaap_ForeignExchangeForwardMember-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax-label" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:type="resource" xml:lang="en-US">Interest rate caps (excluded component) (1)</link:label>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseBeforeAdjustmentsAfterTax-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax</link:label>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Derivative, Excluded Component, Increase (Decrease), Adjustments, after Tax</link:label>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax-label" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xml:lang="en-US">Reclassification of amount excluded from the interest rate caps assessment of effectiveness based on an amortization approach to Interest and finance costs</link:label>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Reclassification of amount excluded from the interest rate caps assessment of hedge effectiveness based on an amortization approach to Interest and finance costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAdjustmentsAfterTax-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_LongTermDebtNoncurrent" xlink:label="us-gaap_LongTermDebtNoncurrent" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_LongTermDebtNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Long-term debt, net of current portion and deferred financing costs (Note 11)</link:label>
    <link:label xlink:label="us-gaap_LongTermDebtNoncurrent-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Total long-term debt, non-current, net</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_LongTermDebtNoncurrent" xlink:to="us-gaap_LongTermDebtNoncurrent-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OptionIndexedToIssuersEquityTypeAxis" xlink:label="us-gaap_OptionIndexedToIssuersEquityTypeAxis" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OptionIndexedToIssuersEquityTypeAxis-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Option Indexed to Issuer's Equity, Type [Axis]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OptionIndexedToIssuersEquityTypeAxis" xlink:to="us-gaap_OptionIndexedToIssuersEquityTypeAxis-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:label="us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OptionIndexedToIssuersEquityTypeDomain-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Option Indexed to Issuer's Equity, Type [Domain]</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OptionIndexedToIssuersEquityTypeDomain" xlink:to="us-gaap_OptionIndexedToIssuersEquityTypeDomain-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax</link:label>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax-label" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:type="resource" xml:lang="en-US">Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax</link:label>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax-label" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="resource" xml:lang="en-US">Reclassification to Interest and finance costs</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax" xlink:label="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax" xlink:type="locator"/>
    <link:label xlink:label="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax-label" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xml:lang="en-US">Unrealized gain / (loss) on cash flow hedges, net (Notes 20 and 22)</link:label>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax" xlink:to="us-gaap_OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax-label" xlink:type="arc"/>
    <link:loc xlink:href="https://xbrl.fasb.org/us-gaap/2022/elts/us-gaap-2022.xsd#us-gaap_InterestRateSwapMember" xlink:label="us-gaap_InterestRateSwapMember" xlink:type="locator"/>
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