Thank you to everyone for your input. I took a closer look at the flag and it looks like a Finnish flag.

You're right, Arnes. Here is the complete history of this ship: http://www.benjidog.co.uk/MiscShips/Winha.html

Classic merchantman! mrdot.

Look at the second photo here; exactly the same ship
http://kommandobryggan.se/transatlantic/atlantic.htm

This is the Atlantic - Winha: http://www.wrecksite.eu/img/wrecks/winha_atlantic.jpg

This could be the Atlantic, since 1939 Margarita, Finnish flag, owner Margarita Steamship Co., Porvoo. Built in 1904 by W.Gray, Hartlepool, 3016gt, 5500dwt. Seized Gibraltar in 1940 by GB. Torpedoed and sank 27 September 1941 by sub U-201 50.15N 17.27W in position.

ATLANTIC
launched 29 September 1904
for Rederi A/B Transatlantic, Goteborg, Sweden
Hawthorn Leslie, Hebburn-on-Tyne, Yard # 398

1935- New owners Winha O/Y, Helsingfors, Finland and renamed WINHA
9 June 1944- Scuttled at Normandy to become part of "Gooseberry 3" at Gold Beach
Post war- Raised and towed to Troon to be broken up.

Best regards,
Paul

This is the Swedish ATLANTIC, built 1904 at Hawthorn, Leslie, Newcastle for Red AB Transatlantic of Göteborg. Sold 2/1929 to Rederi AB Bore (Gustaf Sandström), Göteborg without namechange. In 3/1935 she was sold to Oy Winha (Antii Wihuri), Helsinki, Finland, and became WINHA. In 1941 she was seized by the British and started sailing for Ministry of War Transport, still named WINHA. 6th of june 1944 she was sunk as blockship at Goosberry during invasion of Normandy. After the war she was raised and scrapped at Troon.