Not just the Captain. The OOD and the conning officer might as well start putting together their civilian resumes.
They “might” get promoted sometime in the future, but this will be in their service jacket, on the OERs and will be red flagged on any selection boards they are ever in front of.
Short version? They’re history.
Too bad he didn’t run into a channel bouy instead
From USNEWS April 18, 2008
It was a tenacity that would serve [ADM] Mullen [CJCS] well again a short time later when, as a lieutenant with his first command, his ship hit a buoy in a channel. “My career virtually ended,” says Mullen. “I got a completely unsatisfactory evaluation.” He figures it set his career back 11 years.