That is the theory that matches the data sent by the transponder and is the opinion of an expert hydrodynamicist. So pretty much yeah, that is how it worked.

One suspects the only thing that would have prevented this disaster is if they pilot had put it into full reverse when the wind stopped pushing it. There is so much momentum on these things it would continue to go forward, but it would have a force vector in reverse that was applying (perhaps successfully, perhaps not) a counter torque to the direction of travel.