VILLAIN & FASSIO E COMPAGNIA INTERNAZIONALE DI GENOVA SOCIETÁ RIUNITE DI NAVIGAZIONE S.P.A.

V54 is described as the original livery. Bakker’s earlier-version flag from Loughran is the Fassio pattern with blue V&F on white.

V55’s funnel is described as narrow bands, presumably of equal width. Rosanoski considers V55, V57 and V58 probably representations of the same funnel, but their slight colour differences prevent certainty. Loughran says the V58 funnel and flag were adopted in the mid-1960s, with an additional funnel band.

The NJK Collection calls V75 the proper funnel version. Bakker’s later flag from Loughran is white with a red St George’s cross and the old company flag in the canton.