Now Not so Hidden danger

This ship ran aground on top of yet another vessel that had run aground. OH Dear What was going on. Story was supposed to be..The Captain had sold his cargo and was trying to wreck the ship. It is deep all around this rock and Wreck. But he miscalculated and planted it on the top of the rock and the previous wreck!. Where it remains 50 years later. Wonder what the insurance guy thought when he came on board…Captain where is the cargo!