Reported by Captain Ed:
Lots of combat between the Pirates, British and American Privateers. My ship is just staying out of the way and searching islands and wrecks.
Update: on the very last turn of the game, the British fort shot at my ship and managed to knock off BOTH masts, leaving me dead in the water. Luckily, I had found both a Carpenter and Master Shipwright in my searches, and I was able to assist another American ship repair his masts, so that he would be able to tow me home.