No, you'd likely be wrong in saying that. The box-type of camera had a manual shutter. You depressed the lever, counted X-number of seconds, depending on lighting conditions, then closed the shutter.
A photo taken while close to the ship, with a long exposure, would have been blurry, due to the movement of the lifeboat, but recognizable. From a distance, it would have registered as a smear of light on the negative.
When Brandon McKinney, ET contributor, was in NYC last winter, he brought a vintage box camera and film of an ASA/ISO as close to the original as it was possible to get. He took some existing light photos with it that turned out fairly well.
The enemy, in this case, would not have been the camera or the film, but the motion of the lifeboat during the 30-60 second exposure time.