The key belonged to the Captain of the Merchant Alliance ship you are searching for.

Merchant ship keys sea of thieves. If you happen to forget. The key always spawns. Here weve put together.

Everything You Need to. If youve followed the clues correctly youll come upon the shipwreck. The loot kept inside the Captains Cabin is worth much more than the single Captains Key.

The Merchant Alliance is one of the easiest companies to find in Sea of Thieves as their shop is right near the pier where you find your ship opposite the shipwright. Swim down into it and bring the Captains Key. These Merchants Alliance missions task players with sailing in the wake of a ship that sunk before reaching.

Use it on the Captains quarters to open up an impressive cache of Merchants Alliance loot such as crates of materials and gunpowder barrels. This voyage sends pirates on a hunt to find a missing crew for the Merchant Alliance. You can sell the Captains Key for 2500 gold to the Merchant Alliance or to the Reapers Bones.

Run up to the animal with your contraption and hold the right trigger to capture it. It can be a bit difficult to. The Merchant Captain Voyage is one of the latest additions to Sea of Thieves arriving along with Season 1.

This quest is part of the Merchant Alliance. Ships are the key focus and main transport method for players in Sea of Thieves. So my guess is the voyages may overlap and like double spawn a shipwreck and instead you get none.