Sat, May 29, 1976
Baines and Onedin find an uncharted island, rich in guano, which they intend to mine without telling anybody. However, Matt Harvey learns about it and sets sail in a Frazer Line ship but fails to locate the island. Instead he returns with valuable whale-bone and claims that the guano was too acidic for use. Elizabeth believes she has got one over on her brother until she discovers that he already knew this fact.
Sat, Jan 26, 1974
Caroline and James are returning from Baltimore, where she has been sorting out her husband's affairs. There is a new crew, hastily gathered by the shifty Bartholomew and a passenger called Draygon, escorting a thousand dollars' worth of gold bullion. On the voyage, Draygon leads the crew in a mutiny in order to gain possession of the bullion but they are thwarted by Onedin and Captain Baines. Elizabeth is in possession of a patent for hydraulic steering aboard steam-ships left her by Albert; Fogarty, now alone, is emigrating to Australia and asks her to accompany him but, on learning that he was only interested in the patent, she refuses. After his return to Liverpool, Leonora refuses James' marriage proposal in favour of his cousin, Richard.
Sat, Dec 30, 1972
In Liverpool the Frazers combine to try and smuggle Jessop, who has been imprisoned and is now on the run, to Ireland. He is apprehended but they stand by him at court. The race between James and Daniel has begun, both captains having their wives on board. James reaches Foochow first but learns that Daniel aims to cut corners by using a second ship. However Daniel gets caught in the monsoons whilst Baines negotiates James' ship through them. Anne goes into labour as the Onedins approach Liverpool and James risks losing the race by breaking protocol and rushing her to the port without taking on board the pilot. However he is declared the winner but his joy is short-lived for Anne dies giving birth to their daughter.
Sat, Sep 23, 1972
In Liverpool Jessop sets about organizing a strike though many seamen feel they cannot afford it. When the strike finally occurs Anne, shocked by her husband's callous attitude, helps the strikers' families. James is prepared to negotiate with Jessop, brokering a separate deal giving the advantage to the Onedins and not the Callon line. However Fogarty calls in strike breakers, leading to a full-scale riot during which Robert's shop is burned down. Anne, unable to cope with James' opposition to her charitable actions, leaves him.
Sat, Jul 16, 1977
Having exposed Macauley's insurance scam, James proposes to Letty, who accepts. Daniel also returns to Liverpool, now a very wealthy man. Robert considers opening a department store and travels with Captain Baines and Samuel to New York, where he is robbed and very nearly press-ganged. James takes on a voyage to import some sheep but it causes him to postpone the wedding and Letty, as a consequence, declares the engagement and wedding off.
Sat, Dec 2, 1972
Anne is pregnant and at last James buys a house for them. Sailing on the 'Lady Lazenby', Baines suffers an accident and in danger of needing his leg amputated. Onedin opposes this, believing that the leg can be saved if it is set, and he is proved right. Albert and Elizabeth prepare for divorce but ultimately decide to give the marriage another chance. Fogarty admits to Emma that he fathered Elizabeth's child but they still plan to marry.
Sat, Nov 25, 1972
Anne is pregnant and Elizabeth urges James to buy a house and move out of the warehouse for the baby's sake. James comes across the immaculate but deserted ship the 'Maria da Gloria', and travels to Ireland, where it is to be the subject of a low-key auction, as it is a former slave ship but extremely fast. Daniel arrives and competes with James to buy the ship. It goes to James but he has paid more than he intended and thus cannot afford a house. However, on return to Liverpool, he is sad to find that Anne has miscarried.
Sat, Jul 9, 1977
Five ships, all carrying iron plate, have foundered - people betting on the losses, including Mr. Dunwoody, Elizabeth's clerk, who buys the company house where Robert and Sarah live, forcing them to return to live over the shop. James accepts a cargo of iron plate and discovers the ship is being sabotaged by Kirk, a sailor in the pay of Macauley, who also sunk the other five. Whilst Elizabeth's son, William, is only interested in commerce, Robert's boy, Samuel, is keen to go to sea. James returns to Liverpool and finds that Letty, tired of waiting for a marriage proposal, has gone.
Sat, Sep 16, 1978
Newly elected to Parliament Daniel joins with Elizabeth to prevent William from selling the Frazer Line to an apparent consortium, actually a front for Beaumont. To take his mind off his son's death, James sails to Africa with Captain Baines to find diamonds, but they end up adrift in an open boat for three months. Letty never doubts that he will come back and, on his return, he gives half of the Onedin Line to Samuel, who has married Charlotte just in time for the birth of her son.
Thu, Nov 11, 1971
James Onedin is in a battle with his former employer and main competitor, Mr. Callan, to keep what few clients he has. Callon has put the squeeze on Mr. Watson, who recently consigned a small shipment to Onedin, telling him they will refuse to carry his trade to India unless they get 100% of his business. Callan's son Edmund begins to set his eye on what few assets James has managed to acquire. When Mr. Baines fails to return from a visit to his sister, James knows it has to be Callan's handy work. With Mr. Fogarty away, Elizabeth is at her wits end and Anne thinks she knows what the problem is. Albert Frazer inherits a house and invites not only James and Anne but also Elizabeth, who is the prime reason for extending the invitation.