Lotta hate goin around these 'ere parts against "bad players".
I dunno in response to the OP I'd say that my crew has it's days where we don't dare keep a spit of loot on board and other days where we're turning in at every outlet.
Heck, recently we just cleared a skull fort and cursed ships back to back and then got attacked as we left the area, and as we were being fought... Karen nabbed us allowing the enemy to fight even harder for our loot...
We sunk for darn sure.
Had no supplies anyhow thanks to the fighting. But we used the rowboat to secure the treasure and though some was accidentally left off the rowboat... the 90% we did retain was never found... we rowed from lone cove to galleons grave with all the loot and sold it.
So...
There was at least one ship that had little to no loot on it after a fight and an excuse why.