I've never seen it before but curiosity got to me so I did a search.

The vessel looks incredibly like the Freighter Daniel Morgan that was sank by the German U boat  U88 off Archangel in July 1942. All but 2 of the crew were rescued by the Russian ship Donbass and taken to Archangel. 

And every one said, 'If we only live,
We too will go to sea in a Sieve,---
To the hills of the Chankly Bore!'
Far and few, far and few, Are the lands where the Jumblies live;
Their heads are green, and their hands are blue, And they went to sea in a Sieve.

Edward Lear
http://www.nonsenselit.org/Lear/ns/jumblies.html