The Walrus crew is stranded, with an army of Spanish soldiers standing between them and the precious Urca gold. With their crimes against their brethren no longer a secret, Flint and Silver must join forces in a desperate bid for survival.

Flint gives Dufresne some advice. Silver must make himself indispensable. Eleanor is asked to depose a captain. Rackham gets ambitious.

Flint returns to Nassau and encounters a dilemma. Eleanor turns to an unlikely source for help. Rackham works to restore his reputation. Vane gets an unexpected prize.

Miranda endeavors to save the island. Eleanor sees old wounds reopened. Rackham is on the scent of a secret. Vane is forced to take matters into his own hands.

Eleanor mediates a peace. Rackham learns a hard lesson. Flint goes back on a promise. Bonny goes out of control.

Max surveys the aftermath of a massacre. News from the outside world impacts Flint and Silver. Eleanor takes a risk that she hopes secures her future. Bonny comes to a crossroads. Dufresne provokes Billy to act.

Flint and Miranda prepare for a tough go of it. Silver becomes enlightened. Eleanor learns Max's secret. Vane makes a move.

Flint and Miranda come to grips with their past. Bonny makes clear her intentions to Rackham. Vane collects a huge prize. Eleanor issues a declaration of war.

Flint acquires an unlikely ally. Vane's crew seeks a sea change. Silver makes a sacrifice.