Abstract: A floating buoy for use in securing a looped wire assembly in marine environments is disclosed. The anchor buoy may include a buoyant body and a first opening and a second opening formed in the buoyant body, the first and second openings forming a passage through the buoyant body. The floating buoy may also include a loop-securing structure detachably connected to the buoyant body adjacent to the first opening, the loop-securing structure movable from a first position to a second position and vice versa, the loop-securing structure configured to cover the first opening such that the loop-securing structure in the first position defines a third opening that is narrower than both of the first opening and the second opening.