If you recall when that airliner went missing tons of people starting scanning satellite images for debris. The resolution is simply not high enough to detect tiny little things like debri or life rafts.
1x1m is what they claim and if you get one image a day i recon one could use some statistical analysis and get better results.
I do recognize that it wont be easy despite that. Image all the shit that is floating around that is not a shipwreck.