I found a very nice recording of "Dillan Bay" (free for download) on the Website of the Northwest U.S. group Bold Horizon. Their lyrics are slightly different.

DILLAN BAY
(Gordon Bok)

Dillan Bay, laddie-o
Dillan Bay, laddie-ay
Dillan Bay, laddie-o
All the boats are gone.

Boats are gone, laddie-o
Boats are gone, laddie-ay
Boats are gone, laddie-o
With their topsails down.

Topsails down, laddie-o
Topsails down, laddie-ay
Topsails down, laddie-o
When the wind blows nigh.

Wind blows nigh, laddie-o
Wind blows nigh, laddie-ay
Wind blows nigh, laddie-o
Out on Dillan Bay.

Dillan Bay, laddie-o
Dillan Bay, laddie-ay
Dillan Bay, laddie-o
All the boats are gone.
All the boats are gone.
All the boats are gone.