The Empire Strikes Back
Luftwafe Tactical bombers out of Crete discover a large Brtish fleet in Alexandria. While anticipated the size of the fleet is shocking. 45 ships inluding 4 carriers (3 modern) and 6 battleships including several modern ones. Mental note to self. Germany hasn't begun researching new tac bomber models.
Admiral Bohm on his way to support landings in Tel Aviv encounters a large RN fleet. The British claim the light cruiser KMS Bramberg. Flee........
Retreating to Spain for repairs Vice Admiral Bohm and Marshall encounter the main British fleet, along with several transport ships which manage to get in the way. The battle is indecisive. While a technical victory for Germany no ships are sunk. Orders are to chase the British fleet and engage it again.
Victory but at what cost? Two more light cruisers sink to the bottom while the rest of the fleet is mauled. The English come off worse though and lose two carriers. Both fleets retreat to Gibraltar for repairs. Germany can play the attrition game though.
Reinforcements arrive in Tel Aviv. Breaking out they advance in all directions.
The Amerika empire expands. Saalwachter guards the German invasion forces as colonial lands are liberated. Germany needs to secure long term metal supplies while denying them to the Allies.
Reaching Gibralter the two main fleets are combined into one. Bohm is put in charge of overseeing repairs, while all intact ships placed under Marschall's command. Once again Germany's heavy cruisers and older light cruiser models are required to bring the numbers up to something approaching full strength.
With another battecruiser fleet due for completion in early 41 a shortage of light cruisers becomes apparent. Production is tripled from 2 ships to 6 while more resources are devoted to repairing the current fleet. Somewhere in Berlin Goring throws a wobbly as he is informed that the planned CAS expansion program for the Luftwaffe is canceled.