If you get a ship they is not red, but gray, one of two things happened. Either you sunk it without seeing it, such as in a storm or it crashed. Not sure with all mods, but some give you credit for sinking it even if you don't see it, some don't. I often will shoot ships by sonar in a storm that I never see using torps or the deckgun. I will get a gray sunk icon, but do get credit for them.
Once in awhile you may see a plane fly over land and crash and appear as a sunken gray ship icon....pilot ran into a mountain and that's the way the game shows sunken things on land.
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