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MATSAS.

M36
image by Ivan Sache, 24 June 2001
M45
image by Jarig Bakker, 14 September 2005
M241
M844
M845
image by Ivan Sache, 24 June 2001

The flag is white with a central red M. Matsas Star on 21 June 2006 confirms the funnel, although all strokes of the M appear equally thick.

Company photographs confirm M45. Bakker’s Brown-based flag is attributed to Loucas Matsas & Sons Shipping.

M241 is recorded for Stelios M.

Amazon’s portside photograph of 18 June 2006 supplies the funnel, while Nüsse’s table flag supplies the flag.

M845 follows Sache’s World Salvage Directory-based flag illustration.