Quest:Honor and Privilege

Objectives
Swim to the surface, retrieve the flare gun, and fire a rescue flare towards the  Ships.
 * Swim to the rescue balloon at the surface
 * Fire a rescue flare towards the  ships

Description
All done! I'm confident it will work. And not a scrounger in sight to pop a hole in it this time. .

 already swam up to catch it<. Swam up and stopped to wait for it/, all concerned about currents and what not>. He said you'd get the honors though. .

Go to the top with the balloon, take the flare gun from the crate, and scan the horizon for  ships. If you see any, fire the flare towards them. That's it! All there is to it.

Swim. Float. Flare. Rescue! That last part's my favorite.

Rewards
You will receive:

Progress
Those aren't trade ships, those are war ships. Still, this is an incredible stroke of luck. Fire that flare off and pray that they see it.

Completion
Perfect! There's no way they missed that, fighting or not.