Danmark In American Port After War

The video covers the return of Master Don Mark, a ship that served four years in the US Coast Guard, to its Scandinavian crew. Governor Raymond Baldwin of Connecticut witnesses the ceremony, which includes the lowering of the US colors and the raising of the Danish flag.

Describe the ceremony that involved lowering the colors and raising the Danish flag.

What does the phrase 'our colors are lowered' signify in a ceremonial context?