BAYRAKTAR GEMI ISLETMECILIGI VE KIRALAMA A.S.

The earlier funnel follows an undated starboard photograph of Tayfun Bayraktar, but the poor image leaves the “B” shape unclear. Absence of the website address on the hull offers only a tentative dating guide; the site began in 2000.

The later scheme appears on the same ship in December 2005 and is documented by port and starboard photographs of Orhan Bayraktar. Rosanoski attributes the apparent red in the portside photograph to camera or film reproduction.