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With only 15 seconds of footage it is impossible to say what this is. It might just be the light of the setting sun reflecting off the fuselage of an airplane. <br /><br />Tough call, too bad there wasn't more footage here.
Could it be a flare?
Bright enough to reflect off the water orange. Limitations of cheap cams to get that color correctly--but still, the color is orange. Orange is the color of choice of the spherical UFOs initially when presenting. Dimming out is common trait, though usually still present in the sky if people were looking with the proper equipment. They do not just vanish.