No relation to Val Lewton's legally beached 1943 film, Vernon Sewell's 1952 Ghost Ship doesn't live up to even the minor reputation it has among some British film historians thanks to rather clunking exposition, a reluctance to do anything that might actually scare anyone and a very trite resolution to the haunting of a steam yacht bought by Dermot Walsh and Hazel Court against everyone's advice. Found abandoned years earlier and passing through several owners' hands ever since, it's hard to disagree with Walsh that there's nothing to be afraid of here even if they do have trouble keeping their engineers and visitors occasionally notice a heavy smell of cigar smoke - which is pretty much it for unusual occurrences until the film's solitary matter of fact but rather well handled manifestation that changes his mind. Unfortunately rather than kicking the movie into high gear it simply results in calling in Hugh Burden's paranormal expert, who, after demonstrating with some tuning forks, in turn calls in a medium who immediately provides a flashback revealing the mundane cause of their woes. The flashback is all too typical of the flat and unimaginative way exposition is just dropped into the movie by some supporting character or other, relegating the nominal main characters to audience rather than participants in a very tame voyage.
If there's no imagination or excitement to its telling, it's still a watchable and reasonably solidly made affair at little over 70 minutes even if there is little reason or reward to see it unless you want to catch Ian Carmichael's brief turn as a drunken silly ass at their `boatwarming' party or catch a young Joss Ackland's bit part.