It's a partially parametric model, you can set it on different angles to the wind etc.
(Below the waterline, there is a bilge and propeller, by the way)
This model will be on sale at Objects on Line shortly.
Theres a bit more to add, lifeboat davits, and some handrails, perhaps - there's nothing to stop people falling off :). There's a lot more rigging than is shown here (when the real ship tacks, there are about 200 ropes to be adjusted). The original was built in 1936 by the German Navy, as the 'Horst Wessel'. In 1946, it became part of the US Navy as reparations, and was renamed 'Eagle'