Here's an update on my current project.
Water still needs a lot of work and im not sure if i want the sails down or tied up.
The island and clouds will be changed/removed completely please dont mind them.
I only added the island,clouds, sails and water because i was getting bored of looking at just the bare ship and blank background
You can view my progress here: http://www.blenderartists.org/forum/showthread.php?319317-Golden-Hind