Keelhauled: A Sea of Thieves Podcast
 

Keelhauled: A Sea of Thieves Podcast

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Keeping you up to date with all the Sea of Thieves news, stories and lore!

Episodes

Ep. 407 Feb. 2026 Gold Hoarder Episode!

2 days ago

2 days ago

This week in Sea of Thieves, we are on the launch week of Act 3 for Season 18, and I'm sitting down with two of the Gold Hoarders to talk about the lastest podcast news as how they feel about the game in it's current state. We also come in to talk about when we last felt good about the game as a whole.

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Ep. 406 Rare Kills New Seasonal System?

Sunday Feb 22, 2026

Sunday Feb 22, 2026

Ahoy there, Pirates, and Happy 8th Anniversary of the Keelhauled Podcast! It's a longer episode because I think we've got a lot to talk about with the upcoming patch for Act 3 in Season 18, as well as what the new plan for Season 19 holds in store. Drew has said quite a bit about the future of the studio and how they want to approach their content pipeline. It's not an easy thing to talk about, and I'm impressed that just after two seasons, this new approach is being reconsidered.

Thanks to the community for getting folks together for an awesome congrats on the 8th anniversary, Norwegian for sending it over, and Caleb for editing it!

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Ep. 405 Act 3 Delayed!

Sunday Feb 15, 2026

Sunday Feb 15, 2026

Ahoy Pirates, this week in Sea of Thieves, we are having to deal with a delay of Act 3, details behind the changes coming to Hourglass, and the server testing for Last Ship Standing! All that and more on this week's episode!

 

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Ep. 404 Podcast Not Found

Sunday Feb 08, 2026

Sunday Feb 08, 2026

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This week in Sea of Thieves, it's time to talk about Act 3 for Season 18. There's a Gold and Glory weekend coming at the end of the month, as well as discounts in the emporium. The biggest news to me is what I experienced on Insiders with the new Ashen Garrisons, as well as the very quiet news about the latest Sea of Thieves comic! Gameblast26 is coming up to support the charity SpecialEffect, and you can pick up quite a bit of Obsidian cosmetics for a healthy donation.

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Ep. 403 RIP Doubloons!

Sunday Feb 01, 2026

Sunday Feb 01, 2026

Ahoy there, pirates! This week, I'm joined by Caleb as we sit down to talk about the Doubloon reset that's coming with Season 19, the overall cadence of Rare's development for the game, changes to Hourglass, and some other topics. Caleb wanted me to include the notes from the show so you can get an idea of what we chatted about for reference. Check them out below!

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--- Show Notes ---

Doubloons

  • History

    • Earned by doing Bilge Rat commendations (Actually called bilge rat doubloons) > Stopped giving them away from comms, now through certain items (and insider rewards) > Added them to seasons

    • Used to buy stuff from the Black Market

      • limited time items themed around the updates > bilge rat voyages & letters of recommendation & convert to gold > past seasonal items

  • Now

    • Now more “scarce” and while you can “earn them in small amounts at sea” (confirmed reaper chest & season track) main source will be a monthly event, and those sources will earn you smaller amounts.

    • Black Market: Past Seasonal items, Past limited-time items (don’t know if letters of recommendation or gold revert will remain)

      • Don’t want to argue limited-time items for the umpteenth time.

      • Seasonal items already come back for doubloons, now they will just be in the black market instead of their respective shops.

        • Blackmarket used to sell new recolors for gold, and one day Rare threw them all into their respective shops instead; why are we going backwards here?

      • Why convert the current past seasonal items to gold if you’re still going to charge doubloons for new past seasonal items?

      • What’s changing?

        • Past season in the black market instead of the respective shops

        • Past limited-time items as well

      • Doesn’t solve the issue of long-time players having nothing to spend doubloons on.

Dev Cycles

  • 2018-2019: Big updates every couple of months with small updates in between

    • Small updates called Bilge Rat Adventures

    • From release to anniversary update

    • Hungerdeep > skeleton thrones, gunpowder skeletons, mermaid statues > cursed sails

  • 2019-2020: Small updates every month

    • From a few months after the anniversary update to the festival of giving (2020 - 2nd one)

    • Fort of the Damned > Seabound Soul > Festival of Giving > Legends of the Sea > Crews of Rage

  • 2020-2023: Big updates every couple of months with small updates in between

    • Small updates are called events. Bile Rat Adventures was now just an umbrella section for commendations tied to the new updates.

    • Season 1 > festival of fishing, vault raiders > Season 2

    • 2022: Events dropped for Adventures

      • Season 5 - Season 8

        • The start of Season 9 had the last adventure

      • Events were now sparsely used for some time-limited things or to track stuff like community day

  • 2023: Small updates every month

    • Season 9-10

    • Features released across the season

      • 9: Monkey Island

      • 10: guilds & safer seas

  • 2023-2025: Big updates every couple of months.

    • Season 11-14

    • Notice I didn’t say small updates in between. There were, but they were mostly gameplay improvements and bug fixes. This was a period when we were really feeling that they were releasing things before they were fully ready.

  • 2025-current (2026): Small updates every month

    • Season 15-Current (18)

    • These updates were all a part of one big theme. For example: Season 15 ancient megs, then hunting spears & ambient wildlife, wild boars & ambient wildlife.

    • Season 17 was intentionally spread feature release across the season, now in the form of acts.

  • Of course, there were always delays and stuff

Recurring Events

  • Seems like they’re setting up for the future. Get a suite of recurring events. Right now, we know of:

    • Last Ship Standing for Hourglass

    • Bilge Rat Weekender to earn doubloons

    • Molten Sands Fortress player-activated event

    • Smuggler Heist for smuggler loot at sea forts (key drop mechanic was cool by the way, would love to see this on a bigger scale)

    • Maybe Reaper Fortresses’ mega stash

Hourglass

  • Commendation fixing

  • Supply (baseline starts similar to arena’s equal starts)

  • Circle (puts a soft timer on matches similar to Arena’s hard timer)

  • Last Ship Standing (puts multiple sloops in a fight similar to Arena’s multi-ship fight)

  • Friction

  • Auto-Raising of emissary flags

  • Lots of these things people been asking for since its release, glad they’re focusing on it now

  • Commendation fixing

  • Supply (baseline starts similar to arena’s equal starts)

  • Circle (puts a soft timer on matches similar to Arena’s hard timer)

  • Last Ship Standing (puts multiple sloops in a fight similar to Arena’s multi-ship fight)

  • Friction

  • Auto-Raising of emissary flags

  • Lots of these things people been asking for since its release, glad they’re focusing on it now

File Size

  • Currently: 129 GB (varies by console)

  • 2019: optimization 47gb to 27gb

  • 2022: 85 GB

    • And, Overwatch 2 is 22 gigs.

    • CoD Warzone 2 is 26 gigs.

    • CoD Modern Warfare 2 is 72 gigs.

    • Halo is 50 gigs.

  • 2024: 103gb

  • Helldivers: optimization 154gb to 23gb

    • “These loading time projections were based on industry data - comparing the loading times between SSD and HDD users where data duplication was and was not used…We have real measurements specific to our game instead of industry data. We now know that the true number of players actively playing HD2 on a mechanical HDD was around 11%.”

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Ep. 402 Gold Hoarders for Jan. 2026

Sunday Jan 25, 2026

Sunday Jan 25, 2026

This week in Sea of Thieves, we dive in with the Gold Hoarders to talk about Act 2, the upcoming changes to doubloons, Rare's Battle Royale mode, and much, much, more! Shorter note this week, but a great conversation is being had with the folks in the community this week!

 

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Ep. 401 Recapping Sea of News

Sunday Jan 18, 2026

Sunday Jan 18, 2026

Ahoy Pirates, this week in Sea of Thieves, we have a couple of videos from Rare that cover some more details about the upcoming update this week. It's light for news otherwise, so we're keeping things steady until we get some patch notes. The Gold Hoarder episode is next week, as we'll be sitting down with some folks to talk about the update.

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Ep. 400! Act 2 Coming, Get your Chips!

Sunday Jan 11, 2026

Sunday Jan 11, 2026

Ahoy there, Pirates! Welcome to the 400th episode of the Keelhauled Podcast. Nothing too special this week, but for me, it's quite the moment hitting this many episodes on a solo show. This week, we get to talk about the Pringles promotion across the world and how North America was left out of the promotion. I'll also be diving into this month in Sea of Thieves and what to expect!.

Let me take a quick moment to thank all you listeners out there who have just started or have been here since the beginning. I appreciate all the support you've given me over the years as we head closer to the actual anniversary.

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Ep. 399 2026 Wishlist

Monday Jan 05, 2026

Monday Jan 05, 2026

This week in Sea of Thieves, there's not much news to go over, so let's talk about what we hope to see in 2026. I'm curious to know if your top wish for Sea of Thieves made the list. Personally, I think there are some great wishes, and I'm hoping that this year we'll finally get some of the big ones off the list.

 

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Ep 398 December Gold Hoarders 2025

Sunday Dec 21, 2025

Sunday Dec 21, 2025

This week in Sea of Thieves, we sit down for the last episode of the year to talk to the Gold Hoarders about Season 18, The Orb Stream, Hourglass Changes, and more! It's a great discussion as always, and I'm glad we got to end the year chatting with friends about the latest season!

 

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