It was a ship with teens in foreign unknown waters and they got caught by a storm. All hands lost.
The program was called Seaquest back in those days. Later it became OceanQuest but all the sea-based programs shut down some years ago, when the ships needed too much repear.
According to survivors those programs were rather good. There wasn't much time for LGAT's and hour long therapy when the ship has to get going. It is about learning how to work with other people or down. I think that if you are a kid with low self-confidence, then learning that other people can work with you can change that.
In Denmark we have two programs like this still functioning
Fulton and
Ocean Life. While Ocean Side is somewhat controversial because they - according to the Spanish authorities - marooned a child, Fulton is rather open and if you want to get inside the program, you just call them and hire them for a group of people.
Many ordinary school-classes have been onboard this ship for shorter trips with the at-risk teens as crew. It shows that at-risk teens can be integrated with normal people. You can even entrust them your life. There hasn't been any incidents since they kicked the former director out some 20 years ago because he acknownledged to have hit a child.