Flying Dutchman

Several hundred years ago, in the year 1729 to be exactly, there lived a Dutch sea captain of fearsome temperament. With his ship he sailed through the stormiest seas, and fared the hardest routes. One day however, despite all his efforts, a storm prevented him from rounding the steep cliffs of a headland. He swore to the Devil that he would never give in to Nature, and that he would sail on until he rounded the headland, even if it took him till Judgment Day. The Devil took the Captain at his word and dammed him, that he must stay as captain of his ship, now a ghostship, sailing the seas, until Judgment Day should come. The Devil left him just one small hope. Only through the love of a woman could he be released.

So, the Flying Dutchman became the curse of the seas. Any ship that met him became a ship of ill fortune. No sailor would sail on her, any trader would refuse to deal in it's wares. In order to protect themselves against an encounter with the ghost ship, ships took to nailing horseshoes to their masts, which was said to bring luck, and prevent an unhappy meeting. 
From: The Flying Dutchman's Page

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Flying Dutchman