"Black ship out on a dark sea side
there's death on the old wheel (?) road,
the mirian (?) freighter, with no port-of-call
and a cargo no boat should hold."

Here are my second guesses for the first verse:

"Wheel" is "sea"

"Mirian" is "Syrian"

Is this song actually about the waste disposal ships which circle the globe in the vain hope of finding a port which will accept their toxic cargo?

Do you have a link to a full sound file of this song? All I can find are MP3 samples.

Cheerily,
Charley Noble