Kalypso Media have announced that Port Royale 3 will hit PC and "next generation consoles" (we assume they mean PS3 and Xbox 360) in Q2 2012. The game will be playable at Gamescom in Cologne.
Here is a bunch of bullet points from the press release:
- Three paths to glory and fame - choose the role of adventurer/pirate, merchant or a combination of both
- Exciting naval battles, coastal city sieges, raids and plunder await the adventurous player, while untold riches, power and glory await the more mercantile-oriented player
- Multiplayer competitive play
- A deep economic simulation engine ensures a realistic trading experience
- Real-world locations will immerse the player in the 17th century Caribbean