I have always thought of this song under the name "The Fireship", as with JWB. A slightly different version of the last stanza:

So listen, all you sailormen who sail upon the sea:
Beware of lofty fireships: one was the ruin of me.
Beware of them; stay clear of them: they'll be the ruin of you,
For 'twas there I got my mizzen sprung and strongbox broken too.