I do believe it changes according to the situation , if you encounter a convoy, the morale reportedly shoots through the roof (I'm using GW1.1.a).
I think morale is somehow linked to fatigue, sailors with a good morale are willing to work harder...and they'd be fatigued a lot more slower, of course I'm not too sure myself. Can someone else clarify??? (Why do i even bother posting this??? :P )
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