INSEL UND HALLIG REEDEREI.

I131 is based on Adler Baltica and the website flag logo. The photographs confirm the basic arrangement, but neither lettering nor emblem can be read clearly.

I132 applies to the paddle steamer Freya, bought by Sven Paulsen in December 1999. General website photographs confirm the funnel; the centenary photograph of 21 April 2005 appears to add a badge below the red band. A flag is flown at the foremast, though its lettering is indistinct.

Formed in 1995, the company used Adler-Schiffe as its brand, with Adler characteristic of vessel names. Sven Paulsen appears as its operating company.

Germany, Westerland.