Frogman Comics #3

"The Rusty Bucket Mystery" follows two investigators who discover a battered freighter ship lying low in Caribbean waters with no crew and no record of her cargo, prompting their curiosity about the mysterious vessel. When they contact their superiors in Washington about the discovery, they learn of interest in a "Phantom Ship" that may be of vital importance to the country. After acquiring an unusual watch from an antique dealer, the investigators begin to suspect it holds secrets, but when one of them is attacked by pirates aboard a second ship and nearly slips overboard, the watch's true value becomes unclear amid the maritime chaos and danger that unfolds.