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Ubisoft Singapore are building the title, which is clearly based off the tech used in the popular Assassin's Creed game. This will be a Multiplayer affair, however.
"It is the Golden Age of Piracy. Renegade captains command the most powerful weapons on Earth: warships," says the official blurb. "You are a pirate captain who has refused the king’s pardon and sailed from the Caribbean to the Indian Ocean, an untamed frontier full of lavish riches.