CARL BORM-REEDEREI.

The flag is a horizontal black–white–red tricolour with black “CB” centred in the white stripe. A white hoist triangle contains a red Hanseatic cross or cross patty. Rosanoski notes that the FOTW letters are smaller and thicker than those in the source.

The original country section places it in Hamburg and the fleet entries are under Stinnes operators. Exact legal identity, office chronology and the Seewanderer/Seeclipper ownership chain remain unresolved; the 1958 PDF exposed no readable text.