The Drowning Shield was a shield for the Vanguard class in Nosgoth. It was an alternative to the default Hybrid Tower.
The Drowning Shield was described as a shield "cast by the armourers of Meridian to commemorate the return of the Drowning Men from the Isle of the Dead."[NOS]
The alternatives to the Drowning Shield were:
All shield variations, like skins, were vanity items without unique functionality.
The Drowning Shield is referred to as "VanityItem_ShieldHuman_5" in the Nosgoth game data.