Lyric discussion by ikefox 

Cover art for Blueberry Boat lyrics by Fiery Furnaces, The

At very first where it says "Quiet climb the chrome ladder in the front While they’re all yawning, under the awning." It's from the point of view of the pirates. It's talking about how the captain is new at sailing and "H.K." stands for Hong Kong (asia ref w/ taipei and taiwan) which is dangerous water even nowadays (pirates still out there)....... It's really simple. The girl is just warning her of her doom.