RedactedNarrative: Operator stated that as he approached his dock he felt he was going too fast and that he attempted to make a sharp turn to port so as to take another approach. He failed to throttle up sufficiently near the end of the turn and as a result water came over the deck, and the vessel took on water and abruptly sank. Both occupants were ejected and made it to shore safely. Both men were wearing PFD's. Occupant’s statement is consistent. 
  
  The vessel was completely under the water upon my arrival. I took a photograph of the buoy and the canal at that time. Later that day, Operator with the help of friends was able to right the vessel and remove it from the water. Given the fact that the engine was a fully sealed high grade aircraft engine, no detectable oil or gas leaked during the salvage. I called USCG to inform of them of the successful removal.