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Hachiuma / Pegasus livery evidence

Royal Forest wore Nippon Yusen Kaisha’s funnel at Wellington on 7 February 2004. Website photographs suggest this was normal for the company’s own vessels, with the exception of the passenger vessel Palausport under T.S. Marine Corporation, formed in 1990. The operated vessels belonging to Pegasus may have used H404, but the views were unclear.

Keep the explicit scope label independent; no alias or company identity is inferred.