No doubt it was a sunken ship. What was strange, from the surface you could see the shape, rudder and prop, but an inch under water you say nothing. Guess the way the game programs a sunken ship over time.
You can go over it at flank and do no damage, but it takes a long time.
The rubbing causes sparks to fly all over. First I thought some electric shock, cause I've never seen it before.
See the sparks at the bow....pretty, ain't they.