Awesome screenshot! BTW, when they hit land like that you can actually "board" them by jumping and move along on deck with them until they go below the surface. Kinda fun as far as glitches go.
Kings Head always had a glitch like that, you could see the ships sailing across the sea from the dock. Im not sure if it was a glitch, they never patched it. I always liked it.
Redeemer, I believe that ship is the SAME one I saw while on tormenta farming the outside dregs, the navy monarch just simply started crusing by through the cave entrance and out into the ocean all non chalant lol