<?xml version="1.0" encoding="UTF-8"?>

<!--XBRL Document Created with Wdesk from Workiva-->
<!--Copyright 2022 Workiva-->
<!--r:6379b066-382e-4b97-9fb6-b90eadd73542,g:f54a0d7b-407f-4f6d-8980-b3cdd7d98a83-->
<link:linkbase xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/netLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/net-2009-12-16.xsd#netLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedNetLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedNetLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel"/>
  <link:roleRef roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel"/>
  <link:labelLink xlink:role="http://www.xbrl.org/2003/role/link" xlink:type="extended">
    <link:label id="lab_odf_GrossProfitIncludingOperatingExpenses_label_en" xlink:label="lab_odf_GrossProfitIncludingOperatingExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Gross Profit Including Operating Expenses</link:label>
    <link:label id="lab_odf_GrossProfitIncludingOperatingExpenses_documentation_en" xlink:label="lab_odf_GrossProfitIncludingOperatingExpenses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Gross Profit Including Operating Expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_GrossProfitIncludingOperatingExpenses" xlink:href="odf-2021-12-31.xsd#odf_GrossProfitIncludingOperatingExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_GrossProfitIncludingOperatingExpenses" xlink:to="lab_odf_GrossProfitIncludingOperatingExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_FinanceIncomeCost_61b18bfc-f913-4596-b78c-787b8621a89d_totalLabel_en" xlink:label="lab_ifrs-full_FinanceIncomeCost" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Finance income (cost)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_FinanceIncomeCost" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_FinanceIncomeCost"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_FinanceIncomeCost" xlink:to="lab_ifrs-full_FinanceIncomeCost" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_214896c1-21a7-4782-87f7-35a403742071_totalLabel_en" xlink:label="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Increase (decrease) in cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="lab_ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_Guarantees_label_en" xlink:label="lab_odf_Guarantees" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Guarantees</link:label>
    <link:label id="lab_odf_Guarantees_documentation_en" xlink:label="lab_odf_Guarantees" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Guarantees</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_Guarantees" xlink:href="odf-2021-12-31.xsd#odf_Guarantees"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_Guarantees" xlink:to="lab_odf_Guarantees" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_VoyageExpenses_label_en" xlink:label="lab_odf_VoyageExpenses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Voyage expenses</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_VoyageExpenses" xlink:href="odf-2021-12-31.xsd#odf_VoyageExpenses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_VoyageExpenses" xlink:to="lab_odf_VoyageExpenses" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_OfficeEquipmentAndCars_label_en" xlink:label="lab_odf_OfficeEquipmentAndCars" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Office equipment and cars</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_OfficeEquipmentAndCars" xlink:href="odf-2021-12-31.xsd#odf_OfficeEquipmentAndCars"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_OfficeEquipmentAndCars" xlink:to="lab_odf_OfficeEquipmentAndCars" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_PurchaseOfInterestsInSubsidiary_label_en" xlink:label="lab_odf_PurchaseOfInterestsInSubsidiary" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Purchase Of Interests In Subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_PurchaseOfInterestsInSubsidiary" xlink:href="odf-2021-12-31.xsd#odf_PurchaseOfInterestsInSubsidiary"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_PurchaseOfInterestsInSubsidiary" xlink:to="lab_odf_PurchaseOfInterestsInSubsidiary" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_RepaymentsOfDrawingFacilitiesClassifiedAsFinancingActivities_label_en" xlink:label="lab_odf_RepaymentsOfDrawingFacilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Repayments of Drawing Facilities, Classified as Financing Activities</link:label>
    <link:label id="lab_odf_RepaymentsOfDrawingFacilitiesClassifiedAsFinancingActivities_documentation_en" xlink:label="lab_odf_RepaymentsOfDrawingFacilitiesClassifiedAsFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Repayments of Drawing Facilities, Classified as Financing Activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_RepaymentsOfDrawingFacilitiesClassifiedAsFinancingActivities" xlink:href="odf-2021-12-31.xsd#odf_RepaymentsOfDrawingFacilitiesClassifiedAsFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_RepaymentsOfDrawingFacilitiesClassifiedAsFinancingActivities" xlink:to="lab_odf_RepaymentsOfDrawingFacilitiesClassifiedAsFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_OtherOperatingExpense_label_en" xlink:label="lab_odf_OtherOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Other operating expense</link:label>
    <link:label id="lab_odf_OtherOperatingExpense_documentation_en" xlink:label="lab_odf_OtherOperatingExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Other operating expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_OtherOperatingExpense" xlink:href="odf-2021-12-31.xsd#odf_OtherOperatingExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_OtherOperatingExpense" xlink:to="lab_odf_OtherOperatingExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_PoolDistribution_label_en" xlink:label="lab_odf_PoolDistribution" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Pool distribution</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_PoolDistribution" xlink:href="odf-2021-12-31.xsd#odf_PoolDistribution"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_PoolDistribution" xlink:to="lab_odf_PoolDistribution" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_IncomeTaxExpenseContinuingOperations_259a9e4f-d0bd-4864-ab6b-9624c7f3768a_negatedLabel_en" xlink:label="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Tax expense (income)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="lab_ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_OtherFinancialItems_label_en" xlink:label="lab_odf_OtherFinancialItems" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Other financial items</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_OtherFinancialItems" xlink:href="odf-2021-12-31.xsd#odf_OtherFinancialItems"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_OtherFinancialItems" xlink:to="lab_odf_OtherFinancialItems" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_ProfitLossFromOperatingActivitiesIncludingShareOfProfitFromAssociatesAndJointVentures_label_en" xlink:label="lab_odf_ProfitLossFromOperatingActivitiesIncludingShareOfProfitFromAssociatesAndJointVentures" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Profit Loss From Operating Activities Including Share Of Profit From Associates And Joint Ventures</link:label>
    <link:label id="lab_odf_ProfitLossFromOperatingActivitiesIncludingShareOfProfitFromAssociatesAndJointVentures_documentation_en" xlink:label="lab_odf_ProfitLossFromOperatingActivitiesIncludingShareOfProfitFromAssociatesAndJointVentures" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Profit Loss From Operating Activities Including Share Of Profit From Associates And Joint Ventures</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_ProfitLossFromOperatingActivitiesIncludingShareOfProfitFromAssociatesAndJointVentures" xlink:href="odf-2021-12-31.xsd#odf_ProfitLossFromOperatingActivitiesIncludingShareOfProfitFromAssociatesAndJointVentures"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_ProfitLossFromOperatingActivitiesIncludingShareOfProfitFromAssociatesAndJointVentures" xlink:to="lab_odf_ProfitLossFromOperatingActivitiesIncludingShareOfProfitFromAssociatesAndJointVentures" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_AdjustmentsToEquity_label_en" xlink:label="lab_odf_AdjustmentsToEquity" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Adjustments to Equity</link:label>
    <link:label id="lab_odf_AdjustmentsToEquity_documentation_en" xlink:label="lab_odf_AdjustmentsToEquity" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Adjustments to Equity</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_AdjustmentsToEquity" xlink:href="odf-2021-12-31.xsd#odf_AdjustmentsToEquity"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_AdjustmentsToEquity" xlink:to="lab_odf_AdjustmentsToEquity" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_AdjustmentsForDecreaseIncreaseInInventoryTradeDebtorsAndCreditors_label_en" xlink:label="lab_odf_AdjustmentsForDecreaseIncreaseInInventoryTradeDebtorsAndCreditors" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Adjustments For Decrease (Increase) In Inventory, Trade Debtors and Creditors</link:label>
    <link:label id="lab_odf_AdjustmentsForDecreaseIncreaseInInventoryTradeDebtorsAndCreditors_documentation_en" xlink:label="lab_odf_AdjustmentsForDecreaseIncreaseInInventoryTradeDebtorsAndCreditors" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Adjustments For Decrease (Increase) In Inventory, Trade Debtors and Creditors</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_AdjustmentsForDecreaseIncreaseInInventoryTradeDebtorsAndCreditors" xlink:href="odf-2021-12-31.xsd#odf_AdjustmentsForDecreaseIncreaseInInventoryTradeDebtorsAndCreditors"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_AdjustmentsForDecreaseIncreaseInInventoryTradeDebtorsAndCreditors" xlink:to="lab_odf_AdjustmentsForDecreaseIncreaseInInventoryTradeDebtorsAndCreditors" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_TimeCharterEarnings_d9d86ed1-0e76-49ed-aae2-d1aa9edf94ef_totalLabel_en" xlink:label="lab_odf_TimeCharterEarnings" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Time-charter Earnings</link:label>
    <link:label id="lab_odf_TimeCharterEarnings_label_en" xlink:label="lab_odf_TimeCharterEarnings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Time-Charter Earnings</link:label>
    <link:label id="lab_odf_TimeCharterEarnings_documentation_en" xlink:label="lab_odf_TimeCharterEarnings" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Time-Charter Earnings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_TimeCharterEarnings" xlink:href="odf-2021-12-31.xsd#odf_TimeCharterEarnings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_TimeCharterEarnings" xlink:to="lab_odf_TimeCharterEarnings" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_PurchaseOfInterestsInAssociatesAndJointVenture_label_en" xlink:label="lab_odf_PurchaseOfInterestsInAssociatesAndJointVenture" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Purchase Of Interests In Associates And Joint Venture</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_PurchaseOfInterestsInAssociatesAndJointVenture" xlink:href="odf-2021-12-31.xsd#odf_PurchaseOfInterestsInAssociatesAndJointVenture"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_PurchaseOfInterestsInAssociatesAndJointVenture" xlink:to="lab_odf_PurchaseOfInterestsInAssociatesAndJointVenture" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities_3299d51b-bced-45dc-827b-97eae7691d37_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash flows from (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_OCIAssociatesAndJointVenturesMember_label_en" xlink:label="lab_odf_OCIAssociatesAndJointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">OCI Associates and Joint Ventures [Member]</link:label>
    <link:label id="lab_odf_OCIAssociatesAndJointVenturesMember_documentation_en" xlink:label="lab_odf_OCIAssociatesAndJointVenturesMember" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">OCI Associates and Joint Ventures</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_OCIAssociatesAndJointVenturesMember" xlink:href="odf-2021-12-31.xsd#odf_OCIAssociatesAndJointVenturesMember"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_OCIAssociatesAndJointVenturesMember" xlink:to="lab_odf_OCIAssociatesAndJointVenturesMember" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities_12ea02d6-34fd-4173-82bb-7acbd210d86d_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash flows from (used in) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_TimeCharterExpense_label_en" xlink:label="lab_odf_TimeCharterExpense" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Time-Charter Expense</link:label>
    <link:label id="lab_odf_TimeCharterExpense_documentation_en" xlink:label="lab_odf_TimeCharterExpense" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Time-Charter Expense</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_TimeCharterExpense" xlink:href="odf-2021-12-31.xsd#odf_TimeCharterExpense"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_TimeCharterExpense" xlink:to="lab_odf_TimeCharterExpense" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_ProfitLossFromOperatingActivitiesBeforeDepreciationAmortizationAndCapitalGainsLosses_label_en" xlink:label="lab_odf_ProfitLossFromOperatingActivitiesBeforeDepreciationAmortizationAndCapitalGainsLosses" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Profit (Loss) From Operating Activities, Before Depreciation Amortization, And Capital Gains (Losses)</link:label>
    <link:label id="lab_odf_ProfitLossFromOperatingActivitiesBeforeDepreciationAmortizationAndCapitalGainsLosses_documentation_en" xlink:label="lab_odf_ProfitLossFromOperatingActivitiesBeforeDepreciationAmortizationAndCapitalGainsLosses" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Profit (Loss) From Operating Activities, Before Depreciation Amortization, And Capital Gains (Losses)</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_ProfitLossFromOperatingActivitiesBeforeDepreciationAmortizationAndCapitalGainsLosses" xlink:href="odf-2021-12-31.xsd#odf_ProfitLossFromOperatingActivitiesBeforeDepreciationAmortizationAndCapitalGainsLosses"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_ProfitLossFromOperatingActivitiesBeforeDepreciationAmortizationAndCapitalGainsLosses" xlink:to="lab_odf_ProfitLossFromOperatingActivitiesBeforeDepreciationAmortizationAndCapitalGainsLosses" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_InterestIncome_label_en" xlink:label="lab_odf_InterestIncome" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Interest income</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_InterestIncome" xlink:href="odf-2021-12-31.xsd#odf_InterestIncome"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_InterestIncome" xlink:to="lab_odf_InterestIncome" xlink:type="arc" order="1"/>
    <link:label id="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities_f588d515-558f-4afa-b50c-6a410029fe0a_totalLabel_en" xlink:label="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Cash flows from (used in) operating activities</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:href="http://xbrl.ifrs.org/taxonomy/2020-03-16/full_ifrs/full_ifrs-cor_2020-03-16.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="lab_ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:type="arc" order="1"/>
    <link:label id="lab_odf_MiscellaneousOtherReservesSubtotalIncludingRetainedEarnings_label_en" xlink:label="lab_odf_MiscellaneousOtherReservesSubtotalIncludingRetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/label" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">Miscellaneous Other Reserves Subtotal Including Retained Earnings</link:label>
    <link:label id="lab_odf_MiscellaneousOtherReservesSubtotalIncludingRetainedEarnings_documentation_en" xlink:label="lab_odf_MiscellaneousOtherReservesSubtotalIncludingRetainedEarnings" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:type="resource" xmlns:xml="http://www.w3.org/XML/1998/namespace" xml:lang="en">MiscellaneousOtherReservesSubtotalIncludingRetainedEarnings</link:label>
    <link:loc xlink:type="locator" xlink:label="loc_odf_MiscellaneousOtherReservesSubtotalIncludingRetainedEarnings" xlink:href="odf-2021-12-31.xsd#odf_MiscellaneousOtherReservesSubtotalIncludingRetainedEarnings"/>
    <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="loc_odf_MiscellaneousOtherReservesSubtotalIncludingRetainedEarnings" xlink:to="lab_odf_MiscellaneousOtherReservesSubtotalIncludingRetainedEarnings" xlink:type="arc" order="1"/>
  </link:labelLink>
</link:linkbase>
