REDERI A/B REX.

The emblem resembles a compass needle. Lloyds depicts a longer, thicker needle with a black ring at its core; Rosanoski’s image follows the Collectors Corner flag badge, whose ring appears gold.

This variant may derive from a starboard funnel view: the mirrored needle places its upper point forward on either side.

Sources differ over the size and colour of the central core. Rosanoski’s funnel follows a black-and-white photograph of Lindo. Ships & The Sea and Merchant Ships 1942 show a white circle; Mitchell omits a core. Several sources attribute the livery to K.M. or Ragnar Källström, and US Navy 1961 also assigns it to Rederi A/B Regin, suggesting possible use across the family’s operations. Michael Stamford understood the flag and cap-badge emblem as a compass needle inclined at about 59 degrees, Stockholm’s latitude.