In the end the Axis had lost the F-Lighter, the Sub, and the Trawler, while the Allies where down only a PT boat. The remaining S-Boats were shot to hell, as were some of the MTBs, but the Corvette and the Grey Goose had hardly been touched.
The Germans couldn't hit the broadside of the barn with their gunfire, and could never get any of the Allied big ships in their sights for their torpedoes. Still, it was fun game. Sigh, I really miss historical miniatures. Currently, I just play RPGs and Boardgames on a regular basis. It seems like I only get to play miniatures when I am at a Con.