"It was early in June, b'ys, When we sailed away" with a young skipper and crew, "And a crowd of bold sharemen." Skipper withholds oil until the sharemen threaten to destroy the catch. Skipper threatens to go home until the sharemen threaten to sue.
A shareman shares in expenses and profits.
Greenleaf/Mansfield discusses the codfishery that flourished along the Labrador coast during spring and summer. The "sharemen are usually young fellows trying to get enough money together to buy their own fishing outfits." - BS