I didn't know that transferring made you lose all of your stuff in storage... I'm going to transfer back but I have to wait 5 days now. Pretty darn gay. I'm "tempted" to just pay for another character to move the stuff over, but I can only carry 50 items that way. At least it will only cost me £6.

Do we know if it's 120 per account or per character?

FYI: I went from Ship 10 to Ship 2 to see the differences.

The main thing stopping me from playing right now is the fact that I left my Red Sword in storage and I just got the ability to use it...