Here's a page where you can discuss the pros and cons of ships whilst discussing what your own favorite ship(s) is(are).
For me, it's definitely the Stiletto. With an incredible 8 speed, a whopping fifty cannonball capacity, and 4 rank 8 cannons which are easy to aim. (I'm looking at you, Prometheus, Atlas, and Astraeus. Your cannons aren't even cannons, they're broadside sugar guns) It is in my opinion the best ship for pirating in the game. And for me, pirating is the funnest part of this game.
So what's your favorite ship? Why is it your favorite ship? Feel free to discuss all you want.