RedactedNarrative: Operator of vessel #1 noticed his steering was heavier than normal.  He found a compartment in the rear of the boats deck was flooded because his bilge pump stopped working.  He immediately drove his vessel for the beach but due to the amount of water in the boat and accelerating the engines the water rushed to the rear of vessel causing the bow to raise.  This comprised operator's view and he struck vessel #2.  He continued back to the beach before he sank.  Both operator's failed to maintain a proper lookout or take early action to avoid collision.  Owner of vessel #2 had no property damage.  