1. goods or wreckage floating on water; flotsam
Usage: nautical; often used in legal or maritime contexts
2. the act or capacity of floating; buoyancy
Usage: less common

Examples

• The ship's floatage was salvaged by the coast guard after the storm.
• Debris and floatage washed ashore along the beach.
• The floatage of the vessel depended on its watertight compartments.
• Maritime law governs the rights to floatage found in international waters.
• After the wreck, floatage from the cargo drifted for weeks.