It was inspired by the name of a bar in a Dungeon adventure - the Rusted Shunt in Scuttlecove in the adventure Porphyry House Horror.

The rest of the ship could have rusted away, been eaten by a sea monster, or destroyed by another passing ship. Your pick really. Unless you mean the undersea section, in which case the answer is easier. I never got around to finishing it. Must do that at some point really....

Glad you like it.