This wreck, so named because of the numerous glass items that were recovered, sank in the 11th century after striking rocks near the port of Serçe.

The shipwreck was lying in 32 metres, and was excavated between 1977 and 1979 by Professor George Bass, who found it to be in a fairly good condition. After clearing the cargo of blocks of commercial glass, the belongings of a merchant who used to travel freely between the Islamic states and Byzantine were found.

While the bulk glass was being loaded to be melted and shaped, the new products were sold in different ports. Many pieces from the early Islamic period, such as swords, cups with holes to drain and the checker pieces were found.