Redbeard's mission has turned into a disaster. He and his ship, the Black Hawk, are now in Spanish hands. His son and his lieutenants have been captured by the mysterious Spectre, who turned out to be none other than his nemesis Morgan, eager to get his hands on Redbeard's treasure. It will take all of the old pirate's courage and cunning to escape the trap despite the profusion of enemies and the many betrayals surrounding him.