Found it:

OCTAVIUS
By Linda Kelly

Soft eerie light on the water
Silent she rolls with the ocean beneath her
Columns of ice rise above her
Slowly the cold cloak of winter descends

Chorus
I am no match for you

Moonlight has captured her beauty
Pale silhouette in the blandness beyond her
Swanlike in elegant motion
One fleeting moment and then she is gone.

Chorus

Forced by the passage of time and degree
Locked in a prison of death ice and sea
Statues of frozen flesh, blood withered bones
Death came to those who were so far from home

Soft eerie light on the water
Square sailed a breathless wind often becalmed her
Floating her haunted path eastwards
Too late her journey would not take her home

Chorus

Caught in the grip of the icestorm
Lifelike a flickering candle was over
Slowly our breath fading from us
Caught with the dying words left in our eyes

Chorus (was)

Steer us beyond that which we have to fear.
Keep us in memory of those we hold dear.
Onward Octavius drifts into night
Dwarfed by cathedrals of glistening light.

Soft eerie light on the ocean
Gleaming the Arctic stars shine high above us.
Onward our dead souls are drifting
Caught in a journey of time and degree

Chorus (was)

Soft eerie light on the water
Thirteen long years that it took to discover
Crew frozen fast in an ice strom.
Caught in the journey of time and degree

A true story. Octavius was the first ship to pass throught he Northwest Passage – unknowingly. The crew froze to death in the icy waters of Newfoundland and the ship drifted for thirteen years before it was discovered.