The boat is a "pungy," pronounced PUN-gee, with a hard G, not J, sound. As for exactly what kind of boat it was, "The Illustrated Encyclopedia of Ships and Boats," by Graham Blackburn, defines it as follows: "The Pungy was a local schooner type from the Chesapeake Bay, where it was used for dredging oysters during the last half of the 19th Century."   The accompanying line drawing shows a two-masted vessel with a gaff-rigged fore and main, plus jib and a small staysail. It's a more elaborate rig than either a skipjack (one mast, raked sharply back, with main and jib -- there are still a few of these on the Chesapeake) or a bugeye (which appears to have been a two-masted version of the skipjack, with no jib). Not sure that's clear, but it's the best I can do describing the illustrations!

It was definitely oysters they were dredging (pronounced "drudging") for.

Do you have the liner notes for the album? If not, you can probably get them from Folk-Legacy, or I have a few left and could maybe send you a copy.

Cheers, Nancy