H. SCHULDT.

Lloyds 1904 also assigns this livery to Flensburger Dampfercompagnie; the 1912 edition adds Ozean Dampfer-Aktien-Gesellschaft.

Talbot-Booth attributes the funnel to H. Schuldt with Flensburger Dampfer Co. in parentheses.

Flaggen & Schornsteine indicates a lighter blue. A photograph of Glücksburg suggests a brighter blue and gold base, while the partly obscured flag appears to have a large triangle. The website image looks medium blue. Talbot-Booth and the Mobil chart extend the livery to the related Flensburger, Deutsche Orient, Fruchtreederei and Ozean companies.

Rosanoski questions the merit of this flag.