The image appears to be a stylized black-and-white illustration representing a scene of Copenhagen (København), as indicated by the text in the foreground. The scene includes the following elements:

1. Foreground: Large, bold letters spelling “KØBENHAVN” at the bottom, with a smaller “Copenhagen” just above. In front of these words, there’s a mermaid statue sitting on a rock. This element is reminiscent of the iconic Little Mermaid statue that is a famous landmark in Copenhagen.

2. Middle ground: Several ships are illustrated. One, closest to the mermaid statue, looks like a modern vessel with what might be smoke or steam coming from a stack. There’s also a larger, old-fashioned three-masted sailing ship behind it. Flags are visible on the ships, adding a sense of location and perhaps identity.

3. Background: European-style buildings, possibly representing a typical street view in Copenhagen. These buildings have classic gabled roofs and multiple windows, characteristic of Danish architecture.

4. Environment and Details: The sea in front of the mermaid statue and the ships, with little wave detail. Above the scene, the sky seems clear, suggested by the absence of any clouds or weather elements in the illustration.

Overall, the image captures a lively and somewhat whimsical portrayal of a famous European capital, focusing on its maritime culture and historic architecture.