A lot of the stock ships exhibited a bug where they would get lower in the water the longer you were in rendering range without being in actual visbility range
T3 and PPL were 2 of the worst along with one of the fishing boats
But most were affected to some degree
The small merc on the other hand never showed the problem
So yes if you take time closing in on the port they ( shipping ) will be partially or completely sunk by the time you get to see them
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