VTG. 1930s BREMEN PENNANT BANNER 24" GERMANY SHIP NAUTICAL BLACK RED WHITE flag For Sale

Approx. 24.5" excluding tassels (if any shown). Age is a best estimate, if shown.Unsure of background. The sewn on letters and smaller tassels lead me to believe this is 1920s-1930s. It is also 3 separate sections sewn together - black/white/red. It is missing one of the bottom two tassels. I had no luck with basic online searches. The AI search showed that Germany used these colors in the 1930s, but also that it was highly likely related to a shipping company. It has the "nautical" look to it in my opinion so at this point in time that would be my best guess - related to a 1930s era German (Bremen port) shipping company. Shows some normal light dirtiness, mainly in the white background areas, but overall good condition.
I ship felt pennants in a bubble envelope. Smaller ones are shipped flat. Longer ones with one or two folds - lightly folded with tissue paper placed at the point of the fold. I have shipped thousands of felt pennants this way with minimal issues. If you want it shipped another way, I will gladly work with you, but please ask what it will cost before buying. My shipping cost as quoted is via a bubble envelope. Thanks!