Whilst facing threats on all sides, including a possible mutiny, Captain Flint hires a young sailor named John Silver, who hides his most precious possession. As the Royal Navy gets ever more powerful, Eleanor keeps order on New Providence.

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

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

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.