A chronicle of the adventures of pirate Capt. Flint, his mateys and his rivals in the early 18th-century Caribbean begins with Flint facing a mutiny, while buccaneer cohort John Silver keeps something of great value under wraps.
Flint deals with a thief among his crew; Vane voices an objection to Rackham chasing a score; Silver and Max hide in a brothel; and Eleanor is faced with a difficult decision.
A partner is sought to assist in the hunt for the Urca d'Lima; Silver comes up with a solution to Billy's morale issues; a suddenly reasonable Vane makes an impression on Eleanor; and Gates is promoted.
Disaster strikes a mission undertaken by the Walrus crew; Flint is warned about Billy; Rackham and Bonny set out to recapture their livelihood; Eleanor's father steps up to help her; and Vane is surprised by a visitor from his past.
Flint and crew engage in a deadly encounter on the open sea; Richard forces Eleanor to make a decision; Rackham tries his hand at a new career; and Bonny has a confession to make.
Chasing the Andromache proves costly; Eleanor realizes she'll need help from Silver; Billy encourages Gates to confront Flint; and Bonny decides it's time to take a stand.
Flint comes clean to Gates; Silver is put in a tough position by Randall; Eleanor experiences loss; Rackham gets help from Max; and Vane has a life-or-death encounter.
The hunt for the Urca continues; Eleanor's plans become unsettled; and Bonny and Rackham are haunted by their past indiscreti