I am encountering performance issues while playing Sid Meier's Pirates!
From the games Main menu select Change your system options then Video settings and set the following:
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Water detail - Minimum (completely to the left)
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Object detail - Minimum
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World detail - Minimum
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Change video resolution - 800 x 600
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Enable shadows - Off
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Enable advanced lighting - Off
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Enable trilinear filtering - Off
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Disable Shaders - On
Now try launching the game again.