Hello Devs! - This is right before the PUP so not sure if this is already fixed. Did not see anyone else reporting this.
Noticed that Armored Caravans, which is supposed to add +5 armor to ships as well as land traders, does not in fact add any armor to the ships!
I suppose it is possible that if you attack the ship and count, then maybe the armor is there and it is simply not showing in the stats panel properly. If so, then this bug report is that the panel is wrong. Otherwise it is that the boats don’t get the upgrade.
After Researching Armored Caravans
Thanks for reading!