Inverse synthetic aperture radar (ISAR) imaging of a ship target is very important compared with the plane target, and the imaging condition of the ship target is more complicated than that of the plane target due to the complexity of the ship's movement. In this letter, the received signal of a ship target is modeled as a multicomponent cubic phase signal, and the product high-order matched-phase transform is proposed to estimate the parameters of each component. Then, the instantaneous ISAR images can be obtained. Results of real data demonstrate the effectiveness of the new method proposed.