Another alternative title is "Round the Bay of Mexico" which usually only has verses relating to the good time ashore remembered by the singer, and references to Susiana in the chorus, which of course reminds me of another old song I ran across a few months ago which is a clear procurser of one by Felice & Boudleaux Bryant:

WAKE UP, SUSIANA
(Parody written by Charlie Ipcar © 2001 Adapted from Felice & Boudleaux Bryant © Wake Up Little Suzie. Tune: a slow shanty shout roughly based on the original tune. Key: C)

Chorus:

Wake up, Susiana, wake up!
Wake up, Susiana, wake up!

We've both been sound asleep Ð Umph!
Wake up, Susiana, and weep Ð Umph!
Blue Peter's flying, there's no denying,
We're in trouble deep!
Wake up, Susiana! Ð Umph!
Wake up, Susiana! Ð Umph!
We gotta ship out! (CHO)

Now we said we'd be aboard by ten Ð Umph!
Susiana, we've goofed again Ð Umph!
The bosun's calling, the capstan's pawling,
And we're three sheets to the wind!
Wake up, Susiana! Ð Umph!
Wake up, Susiana! Ð Umph!
We gotta ship out! (CHO)

Now the rum it wasn't so hot Ð Umph!
But we drank up all of our tot Ð Umph!
You're still asleep, our duff is deep,
Our reputation is shot!
Wake up, Susiana! Ð Umph!
Wake up, Susiana! Ð Umph!
We gotta ship out! (CHO)

Now the mudhook's up and down Ð Umph!
But we're still stuck in town Ð Umph!
What we gonna tell the Old Man
When he looks at us with a frown?
Wake up, Susiana! Ð Umph!
Wake up, Susiana! Ð Umph!
We gotta ship out! (CHO)

We've both been sound asleep Ð Umph!
Wake up, Susiana, and weep Ð Umph!
Blue Peter's flying, there's no denying,
It's time for the pierhead leap!
Wake up, Susiana! Ð Umph!
Wake up, Susiana! Ð Umph!
We gotta ship out!
We gotta ship out!

Cheerily,
Charley Noble,
Roll & Go