Iīve read about it a bit and it seems as if Morale is really the wrong word, think of it as fatigue. A very long patrol drains your food supplies (something that is not represented in SH5) and you men want to see a bar from time to time and eat smth. proper. Donīt be on patrol for more than 6 weeks.
Also it looks as if skilling your Bosun is extremelly important since he has abilities that will significantly reduce morale decay or give your crew an emergency morale boost. Your cook is also important since he can cook a special meal for your crew wich also restores morale points.
Morale points do not affect basic sub operations but if they are all gone you will not be able to use special commands.
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