Compañía Argentina de Navegación (N. Mihanovich Ltda.), formed by Nicholas Mihanovich — it eventually became Compañia Argentina de Navegación Mihanovich Ltda. and adopted a diagonally quartered flag of white (chief) and blue bearing the letters "C" (chief), "A" (hoist), "N" (fly) and "L" (base) all counterchanged
#375. Cia. Argentina de Nav. (N. Mihanovich Ltda.) - Buenos Aires
Shipping lines: Buenos Aires - East coast of South America Steam cargos: 23; Steam passenger boats: 25; Motor passenger boats: 6; River boats: 104; Tugboats: 43; Motor cargos: 11; Steam tugboats: 71; Motor tugboats: 7; plus various cattle transportation boats etc. Tonnage of the passenger boats: ca 50,000 Reizt. brutto.
Red flag with a white M in the middle.