I think it's time for me to edit that Wikipedia article.

Seriously, the article is way off-base, as it relies heavily on the erroneous June 1929
Popular Science article, "Strangest American Sea Mystery is Solved at Last":
1) The naval inquiry regarding the
Cyclops' disappearance (that again, Lawrence Kusche somehow failed to uncover, despite what he claims was meticulous research) was exceedingly thorough and addressed all possibilities:
"Quietly, behind-the-scenes, the Navy continued their methodical investigation of other possibilities, none of which seemed probable. They dismissed the idea that her cargo sank her. It had been proposed that the heavy manganese ore shifted in her holds and capsized her. Manganese was much heavier than coal so the holds, when fully loaded by weight, still had a great amount of free space in which to allow the cargo to shift. However, investigations in Rio proved it had been loaded and secured properly . . . The official Navy statement has not changed in all these years: 'Since her departure [Barbadoes] there has been no trace of the vessel. The disappearance of this ship has been one of the most baffling mysteries in the annals of the Navy, all attempts to locate her having proved unsuccessful. Many theories have been advanced, but none that satisfactorily accounts for her disappearance'." See
http://www.bermuda-triangle.org/html/cyclops_pg3.html
2) The "
Amalco" story was featured in the June 1929
Popular Science article. But the article failed to get even the name of the ship right -- it was
Amolco. As Gian Quasar explains: "There was a rumor that the
Amolco saw a large vessel battling heavy seas off the Carolinas. However, Captain Charles Hillyer, the
Amolco’s captain, denied this entirely." See
http://www.bermuda-triangle.org/html/q_a.html