Here's a start—my attempt at a transcription, with obvious gaps where I found the words unintelligible:


TRAWLER GAUL
As sung by Richard Grainger on YouTube

1. Eighth of February, seventy-four
Off the north Norwegian shore
Thirty-six...
Lost their lives on trawler Gaul
Nine days of fishing, nine days of toil
Smell of working man and diesel oil
Too few know what it's like to be
A trawler man against the sea

CHORUS: One more pull, boys, one more trawl
In the arctic winds they call
We're heading north to find the Gaul
One more pull, boys, one more trawl

2. From those seas around the northern cape
For fisher lads there's no escape
Giant waves like mountains tall
Smashed the side of trawler Gaul
A message came on her last day
We're … off the northern cape
Then silence fell; no word at all
From the radio of trawler Gaul

3. Did she turn to face the storm
… ocean warm
… waters cold
Did it fill an open hold?
In her moment of distress
Only God...
He must have heard their mercy call:
One more pull, boys, one more trawl

4. February seas run high
February's cold and grey
Stormy seas …
Governments know but never speak
On the dark Atlantic floor
Where submarines are known to go
Where NATO listened for their call
We found the wreck of trawler Gaul

5. One last word before we go
For the families who may never know
Just what fate those lads endured
Words aren't enough their pain to cure
Let them slumber all in peace
Down below the silent seas
Their wives and children find some rest
In pity … and kindliness


Here's a Wikipedia article which enabled me to verify the date and the number killed, but not much else.

When I searched for "Trawler Gaul" at Allmusic.com, it found "Tralee Gaol"!