RedactedNarrative: V1 ( A 52 foot cabin vessel with a single 150 hp diesel engine) was backing out of slip number located on the northeast side of peanut Island . The current was incoming and strong and the waters were congested. V1 backed completely out of slip and attempted to power forward to the east away from slip. V1 encountered steering problems and due to the current and forward momentum V1's port bow collided with the southwest pole on slip causing the dock to bend into a curved position. V1 received a hole in its port bow about 12 inches in diameter. This investigation will on going.