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NORDISCHE REEDEREI GMBH.

N545
image by Klaus-Michael Schneider, 29 March 2009
image contributed by Klaus-Michael Schneider, 14 April 2009

The flag modifies the Schleswig-Holstein triband by widening the white stripe and placing a black capital N at its centre. Flaggen & Schornsteine 1957 also assigns the livery to A.H. Schwedersky Nachfolger. Schneider supplied an illustration under each attribution.