It seems very possible Odin was on the SS James Timpson when it sank.
"Ship's Crew Rescued Just Before She Sinks"
New York Times
This might be a newspaper story about the wreck of the ship called the "James Timpson" in 1924. Odin had been a crewman on that ship - it seems for many years. Then he is found in the 1925 New York Census married and working as an auto mechanic. By 1930 census he is an "engineer in the Merchant Marine," sailing again. So it's sometime after 1924 that he stops sailing in the Caribbean, and finds himself on a cargo ship in the Great Lakes.
More facts about the cargo ship "SS James Timpson"
built 1917 - wrecked 1924
Traveled from Belize, Honduras and Nova Scotia to New York
A maritime history book (search for it on Google) says the SS James Timpson was of the "maximum cargo, minimum crew type."