Ship Graveyard is a Lantern in the Vale of Wrath, a region that opens in main quest chapter 5, CRIME. Measured in a straight line, Nephtoglobin Formations sit as a pickup about 50 m from the Lantern, and the closest other Lanterns in the region are Under the Bridge at about 240 m, Old Windmill at about 250 m and Poisoned Camp at about 300 m.
The chests nearest Ship Graveyard hold the Ambers Butcher's Carnage and Dilated Moment, along with Distilled Blade Material, Distilled Transmutation Material, Pure Blade Material, Pure Transmutation Material, an Empty Ferrofluid Flask and a Ferrofluid Flask Power Upgrade. Notes to pick up close by are Cargo Manifest, Rebel's Note – Mistake, Shrike's Orders – Cargo, Thief's Note – Loot, Thief's Note – Warning and Toothless Jack's Journal. Items lying nearby include 15 Special Ammunition, 3 Imperial Catalyst Clots, 2 Epic Catalyst Clots, 2 Pistol Ammunition, 2 Whetstones, a Mythic Catalyst Clot, a Legendary Catalyst Clot and Remnant's Return.
Butcher's Carnage
Dilated Moment
Distilled Blade Material
Distilled Transmutation Material
Empty Ferrofluid Flask
Ferrofluid Flask Power Upgrade
Pure Blade Material
Pure Transmutation Material
Special Ammunition
Imperial Catalyst Clot
Epic Catalyst Clot
Whetstone
Crude Transmutation Material
Legendary Catalyst Clot
Mythic Catalyst Clot
Remnant's Return
Standard Firearm Parts
Superior Firearm Parts
Under the Bridge
Old Windmill
Poisoned Camp