YARN, thank you! And that's what I'm most hopeful about ... the idea that the neck is the ship's keel and it runs almost completely through the ship, holding it together structurally. But will this design ever look graceful? I doubt it, but that's why I do volume studies ... to see if I can find a pleasing combination of shapes and proportions. Once I do, then I start over from scratch building a proper mesh that incorporates what I've learned. Sometimes I sketch on paper, but doing sketches in 3D like this avoids some of the errors I run into when I do it on paper.
I think you're off to a great start. I think that the elusive gracefulness might be found in playing with the ring shape...