Listening to the CD, I hear the following (maintaining Roberto's spelling):

:Oh, the bonnie ship "The Diamond Ship" goes fishin' for the whale
We will leave oor sweethearts and oor wives a-standin' on the quay
Ah, but dinna greet ma bonnie lass 'though ye are left behind
For the rose will grow on Greenland's ice afore I change ma mind

Oh, provisions we've got plenty and we've liquor in great store
And wi oor tar dress we'll reach Strathness and we'll gar yon tavern roar

Ay, and jovial be the day, ma lads, when the Greenland men come hame
For they are men of honour belonging tae oor toon
And they'll gar the cradles for the rock and the blankets for tae tear
Ay, and aa young queans in Aiberdeen sing "Hish-ye-ba, ma dear"

Here's a health untae the Hercules, the Diamond and her crew
And tae aa yon brave and bonnie lads a-wear the jacket blue


Just a couple of small changes there. I can't locate Strathness either, I'm afraid.

The tune is also the one from Mrs Clark in Greig-Duncan, so I would say the evidence for Malcolm Douglas' reading is overwhelming.