The Wilhelm Krag, a Norwegian steamer built in 1899, was sunk by the German u-boat U-35, captained by Kptlt. Lothar von Arnauld de la Perière.

De la Periere was to become the most successful U-boat skipper of all time, a record which still stands. During his war time career, he sank 194 ships totalling 454,000 tons, always strictly according to prize rules often with his boat's 88 mm deck gun.

The wreck lies in front of Praia da Luz, Algarve, Portugal, by c. 36 meters.

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