Rebuild of German U boat
Loose shafts... wonderful. Definitely re-grease them. The shaft logs(tubes) run entirely below the waterline, so they are a potential source of H2O inflow. Other than that sealing the deck should be your only other contention. it is amazing just how much water can enter a hull by splash and subs do not have, even surface runners, much reserve buoyancy, so protecting what you have is one of my main goals. As Doug indicated, it should like your boat is about 1/40 scale, so you should have quite a bit of room to work with. You may want to consider putting shaft seals on your prop shafts. There a commercially available ones or you can find a very small one thru and industrial supply house. One last note. Make sure that you rudder shaft is well sealed as well. Amazing amounts of water can enter thru these as well. keep us post, Please.
Jonathan