o Semel canebamus
Fabulam magnae diei,
Lunae lucem in aqua
Litora, stellam, caelum.
Vela dare.
(o) Miraculum.
Vela dare. Vero.
Semel salum
sub [bad word] 
Ita vela dedimus.

In hodierna die
canimus albae nivis,
lunae lecem in gelu,
lacrima et pluvial.
Vela dare.
(o) Miraculum.
Vela dare. Vero
Viatores
ecce caelum,
oceanus et terra!

Vela dare.
(o) Miraculum.
Vela dare. Vero
Ite! Ite!
Mare, mare
sub vespertine stella

Vela dare.
(o) Miraculum.
Vela dare. Vero
Et iam annus
vicesimus!
Tempus est somnium!

Vela dare.
(o) Miraculum.
Vela dare. Vero
Et fortasse
crastinus deis
vela dabimus. Vela
Vela dabimus. Vela
Vela dabimus. Vela

The English translation is:

Miraculum (...Wonderful Thing)

Once we were singing
the story of a great journey
the moonlight on water,
the shores, a star, the sky.
To set sail,
a wonderful thing.
To sail away. It’s [bad word] 
Once, the open sea
under the evening star.
And so we sailed away.

In this day
we sing of the white snow
the moonlight on ice,
a tear and rain.
To set sail,
a wonderful thing.
To sail away. It’s [bad word] 
Wayfarers
see the sky,
the ocean and the earth.

To set sail,
a wonderful thing.
To sail away. It’s [bad word] 
Go! Go!
The sea, the sea
under the evening star.

To set sail,
a wonderful thing.
To sail away. It’s [bad word] 
For already it is the twentieth year!
Oh, time is a dream!

To set sail,
a wonderful thing.
To sail away. It’s [bad word] 
And perhaps
tomorrow
we will sail away. Sail away.