Massoel Gestion Maritime S.A. / Massoel Gestion S.A.

The original red flag bears a white M with an elongated first leg and a white attachment hanging from it, plus a small white cross couped in the upper hoist. It formed the funnel band, confirmed on Unterwalden at Wellington on 14 December 2001; the cross was forward on the starboard side too.

Arosa’s July 2008 portside photograph and a company website starboard view show the M666 variant; the latter puts the cross aft. The only discernible flying flag appears to be the Swiss ensign.

Martigny’s May and June 2007 photographs show the cross forward on both sides.