MULTINATIONAL SHIP MANAGEMENT INC.
image by Jarig Nakker (as printed), 24 October 1923 (as printed)
Both versions derive from the website logo. Rosanoski straightens it for M417, whereas the FOTW version straightens the outer flag edges but leaves the device angled as a stylised M. The December 2007 website shows black where white had appeared, possibly because the logo was placed on a black background.