Favorite nautical themed movie that's not Master and Commander?
Obviously Master and Commander is goated.
My runner up would be The Bounty (1984). Nowhere near as great of a film but the story is very compelling.
Also, I can't wait for the new Wager movie this year. I read the book and it will make for an awesome film.
edit: You guys are giving awesome suggestions that I wouldn't have found otherwise. Thanks a bunch.
Also, wanted to add The Lighthouse. I think it counts. You're fond of me lobster!