Jenk with his ship

Jenk with his pirate ship or fishing boat

In the first episode, Jenk buys a Pirate ship to go find the kidnapped Princess, but when they are magically transported back to the castle by the Princess's ring, he looses it. When King learns of Jenk's loss, he replaces it with a fishing boat. The fishing boat and the pirate ship are identical in appearance. (Is it a pirate ship that looks like a fishing boat or a fishing boat that looks like a pirate ship?)