Is this the same song as The Golden Trinity?

There once sailed a ship from the north country
The name of the ship was The Golden Trinity

I've heard it under other names, but the story line is the same. They get into battle with a Spanish ship; the cabin boy volunteers to swim under the Spanish ship and drill holes to sink her if the captain will let him marry the captain's daughter; the captain agrees; the boy sinks the Spanish ship as promised; the captain breaks his word and lets him drown.