Peter and the Starcatchers by Dave Barry and Ridley Pearson

This book reimagines the origins of Peter Pan and Neverland. Barry and Pearson come together to create a narrative that is compelling for young and old alike. Young Peter, an orphan in London, is sent with some of his fellow children on a boat journey to a faraway island. They don't know where they are going or what will happen to them when they get there. Their ship, the Neverland, is holding a very mysterious and powerful cargo that is sought after by the dread pirate Black Stache. After a massive ship battle, Peter and Company end up on a deserted island. The learn the true nature of their cargo: it is stardust, and it gives its users powerful abilities including flight, mind control, and transformation. Peter must race to save his friends from the pirates and fierce natives while keeping the stardust away from Black Stache.
The book reads like a fantastic serial adventure form the early 1900s, always engaging, and with plenty of suspense and twists.