The Sunken Ship is in the ocean of Ryoshima Coast, located in the Lunar Lagoon near the Moon Turret. When the moon is viewed from the Moon Turret, the tide recedes, allowing access to the Sunken Ship while draining the water inside. When the sun shines, however, the ship floods, a characteristic integral to its navigation. The ship contains a multitude of treasure and is also inhabited by several creatures and ghosts.