Well, I'm not a detective, but I think I know who that ship belonged to and what happened to it. This is what it used to look like.
Clearly, it was the ship that belonged to the pirate One Eyed Willie. He hid it in this fabulously spooky cavern near Astoria, Oregon (because that's where pirates like to hang out), which you could only access by way of tunnels underneath abandoned restaurants. Only two people have ever found it: an archaeologist named Chester Copperpot, and Mikey Walsh...who had this key thing.
The whole thing played out while Cyndi Lauper serenaded. But for some reason I can't add it to this post, so check the one above it!