M382 combines Mitchell’s funnel evidence with Bakker’s FOTW flag.
Mitchell’s M527 may relate to Mercury Star of Ace River, shown as managed in 1992–93. M528 has no comparable vessel clue. Rosanoski retains both under Mercury because the evidence is unclear.
The Nedlloyd funnel is also shown, relating to managed vessels.
These may relate to Chandan Star of Star One Shipping and Hirand Star of Star Two Shipping. Mitchell’s line drawings, however, show red and black funnels respectively, so the proposed link may not hold.
P407 is linked to Sun Valley of Porpoise Shipping. The same card also includes the flag given elsewhere for Mercury Shipmanagement.
The Hong Kong concern operated, managed and acted as agent for vessels, initially with Mercury names. Its address was Nedlloyd House, and it later managed some Nedlloyd ships, but the relationship to Mercury Shipmanagement and Nedlloyd is not fully explained. Rosanoski disputes Bakker’s 1971–77 operating period, suggesting 1997 may have been intended; liquidation is recorded in 1997.
Hong Kong.
Keep the explicit scope label independent; no alias or company identity is inferred.