The Mary Rose was a carrack warship in the service of King Henry VIII's royal navy.
The construction of the Mary Rose began in 1510 in Portsmouth and she was launched in July 1511. She was then towed to London and fitted with rigging and decking, and supplied with armaments. Other than the structural details needed to sail, stock and arm the Mary Rose, she was also equipped with flags, banners and streamers that were either painted or gilded.
She was sunk in 1545 when she turned to present her guns at another ship and she dipped taking in water through her open gun ports and then floundering and sinking.
The majority of this information was taken from Wikipedia page - http://en.wikipedia.org/wiki/Mary_rose