I don't think Jack and Stephen are lovers, but there are people who read it that way, or as Stephen being in unrequited love with Jack. The point is that people read text, and subtext, differently. The subtext is available there if someone is looking for it, between the ways they address each other and the fact that they do, in fact, share a cabin much of the time (rather than Stephen sleeping in the standard location for a ship's surgeon).
subtext is like that