Wreck of ship that sank in 1940 found in Lake Superior

Shipwreck hunters find merchant ship that sank in Lake Superior in 1940 , taking its captain with it.

Bulk carrier Arlington sank in storm off Michigan 's Upper Peninsula .

Arlington left Port Arthur , Ontario , on April 30, 1940 , loaded with wheat and headed to Owen Sound , Ontario .

Captain Frederick " Tatey Bug" Burke was last seen waving at the Collingwood , minutes before his ship vanished into the lake.

Arlington was discovered 35 miles ( 60 kilometers ) north of Michigan 's Keweenaw Peninsula .