TORDENSKJOLD ASA.

The Olsen/Tordenskjold flag is red with a white X throughout. Lloyds 1912 records O311 under Rasmus F. Olson; Stewart’s O162 has a straight X without serifs, a difference Rosanoski doubts is significant. Skipet later shows a wider, thicker X as O312. The O311 and O312 funnels use a serifed X of uniform thickness, whereas the flags and website-based T4 give the dexter arm thinner. Rosanoski favours the website evidence over printing variations.

The 2003 CEM website flag differs slightly in X thickness from the earlier Tordenskjold website version. It may simply be the parent flag flown by managed ships, rather than a separate CEM identity; a deliberate distinction has not been established. Skipet supplies no independent CEM livery.