Well, there may be more to it than that. There are no more disappearances in the BT than in many places around the world, but there is a tremendous amount of traffic, and [in the noise] it seems that there have been a few perplexing disappearances that might be explained by an occasional, large release of methane; an event thought to be associated with methane clathrate hydrate deposits, which are found not only in the BT, but in other areas around the world that claim similar disappearances. See for example the Japanese Devils Triangle and the research being done there to tap the methane from the clathrates. Also, apparently methane gas pockets exist that can suddenly give way. In another area near Ireland I think, one ship was found sitting on collapsed a gas pocket, on the ocean floor. It has also been shown by scale tests that this type of event can be capable of sinking ships and possibly even bringing down aircraft.
I'm short on time right now but will follow up with some links a little later. There are links in the Anomalies Napster above. See also the Seneca Guns. My personal suspicion is that these "guns" of lore might be large methane releases off the coast of W. Virginia.
In addition to the methane hypothesis, there is also the sailors lore of freak waves - a unique phenomenon that involves waves up to 90 feet high that seemingly appear from nowhere, and the existence of which is only recently confirmed by satellite images. So this could also explain some strange disappearances.
I will follow up on this thread with some links.