We need to translate visible text content to Japanese, preserving HTML tags exactly. Only translation, no extra text. Let's go through each element. First paragraph:

From 1716 to 1717, Captain Benjamin Horn... etc.

We need translate that whole sentence. Second paragraph:

Because his crew had gotten too drunk ...

Third:

Raiding the Merchant Ship for Hats

Translate "Raiding the Merchant Ship for Hats" to Japanese. Next paragraph:

Hornigold tracked down a merchant ship off the coast of Honduras in 1717. Hornigold explained ...

Translate. Next paragraph:

They needed new ones ... (Source: The Way of the Pirates) 

Translate visible text, keep link text "The Way of the Pirates" unchanged? The instruction: translate visible text content. The link text is visible, so translate it as well. But we could keep it as is? Typically we translate link text too. We'll translate "