I was going for a bit of a blast today, and came across an orange pipe sticking out of the water at Scarborough. It was vertical, about a km offshore, about 20cm in diameter, and the top end was sealed. It had blue paint below the waterline, and looked like it was anchored with some form of elastic rope so it could bob up and down.
Its could be a marker bouy thats broken free. There used to be one floating around Hillarys boat harbour entrance last year. I wouldnt worry to much it will probably be gone next week with all the wind thats coming