Which folder is the game installed in? Steam does like "C:\Program Files (x86)\Steam \SteamApps \common \Silent Hunter...", which will complicate your life later if you go to use mods.
Do you have any mods installed at this time? When doing the Steam v1.5 with Uboat Missions, there is a 2nd SH4 start link. Are you starting from the Steam Library page?
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