What gets to wood is critters. A lot of sea creatures will nibble away at it. On land, it's insects and fungus and the like. Tidal action will also scour away exposed wood.
The exceptions include the Baltic, the Black Sea, and the deep ocean.
Don't know what saved this old boat though.
The archeology museum in Arles, France displays a conserved Roman river barge which was conserved in this fashion, see their Youtube documentary [0] There are many more known river barges at the bottom of the Rhone, but these are best preserved by leaving them where they are.
See also "bog people".
But the results of such extreme anomalies do not extrapolate reliably to the general case.