16世纪,英国海盗首领莫根船长受到查理国王的赦免,并被任命为牙买加总督,艺高胆大、聪明英俊的年轻人沃林追随莫根前往。然而,莫根原来的部下,狡猾、凶狠的里奇船长拒绝服从莫根的指挥,继续在海上为非作歹,抢劫商船。为了消灭海盗,沃林率船出海,途中不期与里奇的“黑天鹅号”等三条船遭遇。面对险境,沃林慌称前来投奔里奇。经过机智周旋和激烈搏斗,里奇受到了惩罚,“黑天鹅号”彻底覆灭。而贵族小姐玛格丽特对沃林由厌恶到敬重,直至爱慕,引出了一个曲折离奇的爱情故事。央视1989年播出时译名为《黑天鹅的覆灭》。When notorious pirate Henry Morgan is made governor of Jamaica, he enlists the help of some of his former partners in ridding the Carribean of Buccaneers. When one of them apparently abducts the previous governor's pretty daughter and joins up with the rebels, things are set for a fight.