The Med has been quite profitable for me. There are plenty of small convoys of 3-4 ships (usually escorted by one DD or corvette) and plenty of warships too. There is a regular 3 CL TF that cruises between Malta and Alexandria which I've hit many times.
You do need to watch out what you shoot at though. Last weekend I was cruising my patrol area south of Malta. It was about 0200 in game, when I got a fast moving merchant contact coming towards me. listening in on the hydrophones I heard what sounded like a large number of large contacts inlcuding what I thought may be a large passenger liner.
I got the boat sorted for an intercept, Spent and hour real time closing in on the surface until I got the ship spotted message. Up to the bridge and sure enough here was a convoy of about 20 ships heavily escorted but with 3 massive liners and auxillary cruisers!
I thought all my wishes had come true but it was not to be. As we closed with each other I noticed that the camo pattern on one of the DD's looked a little odd, checked the recognition manual and stone me if it wasn't a bloody Italian Soldati DD! The whole Italian Army looked like it was headed home for pasta and vino! I was very disappointed until I came across a couple of Ore Carriers a day or so later.
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