ARKADIA LINES S.A.

The livery is assigned to K. Moulopoulous. The source distinguishes two flags: the first is horizontally divided light blue over dark blue, with narrow white borders at the top and bottom; the second has the same two colours without those borders. Both bear a squat white “M”, with a full-depth central “v” and flared points; the second version has arms of differing widths and appears to be a non-seagoing flag. The funnel is white with a black top and a circle divided light blue over dark blue, bearing the same white “M”.