Instructions
Go to the dock area of the Fossil Guild, talk to Beth and choose to go to the Bottomsup Bay.
Walk upward past the Denture Sharks until you enter an area past the Bottomsup Bay dig site.
Enter the open hole in the sunken pirate ship on the far north of the map.
Walk to the left on the first floor and climb the second staircase. Take the upward staircase on the right on the second floor, and then follow the first staircase on the right to descend a level. Continue to the right and follow the first set of stairs on the right back up to the third floor.
Enter the door that is on the right-hand side of the hallway and is decorated with a ship's steering wheel and skull. The room on the other side is the ghostly Woolbeard's room.