I hope it's based on NA now and stays clear of WoWs. I very much looking forward to this new game!! I just read a little more on this; if it comes close to the original Silent Hunter it will be a fantastic game, I really liked the crew improvement and promotions and medals in SH. The better the crew, the ship performance increases.
A few names I suggest would be; Iron hearts, Rule the Waves, Naval or just Swords and Guns, Naval Horizons, Hearts of oak and iron (after the Navy song). Ok it's starting to sound corny.