The oceans are leaking through a fissure in the ocean floor. A con-man named Muldoon agrees to guide Mark through the fissure to investigate. However, Mark is unaware either that giants inhabit the other side of the fissure or that Muldoon has already stolen gold from one of them.

While investigating the mysterious loss of three ships in one part of the ocean, Mark and the crew of the Cetacean encounter a submarine operated by a modern-day pirate. The pirate has captured a mermaid that can produce a hypnotic siren song, which mesmerizes anyone who hears it, even Mark.