I had fun with this one, nor am I the first translator to have done so. Once I can get at all my old books again, I will dig out some older versions.
I was helped out by a list of famous pirate-ships on a website called allthingsboat. The Satisfaction was Henry Morgan's; the Bachelor's Delight, William Dampier's. On the lembos, a fast, light galley favoured by pirates, see Wikipedia.
The Satisfaction and her sister-ship,
The Bachelor’s Delight, are courtesans;
Their home port, Samos. All of you young men,
Steer clear of Aphrodite’s piracy:
The ones they board must walk the plank and drown.