If the cover of this movie alone isn't enough to excite you just check out the description (copy/pasted from elsewhere):
Quote: Survivors of a tragic shipping collision are rescued by a mysterious black ship which appears out of the fog. Little do they realise that the ship is actually a Nazi torture ship which has sailed the seas for years, luring unsuspecting sailors aboard and killing them off one by one.
EDIT: I forgot to mention that the constant switching between steady camera and sea sick equilibrium mangling camera is a bit difficult to get used to. Also there are a few parts when the characters are floating around on the open sea and the camera decides that for some reason I need to be reminded of what staring at the sun looks like.
Aside from those gripes the actual Death Ship looks pretty awesome and menacing. It's a fun movie.