It's not an old historic boat. It's 45FT Hancock and Lane with Norsman Hull that was built in 1978. It is a CCer in London but the engine has not been working properly since I bought the boat... so I do worry about it! It has always emitted a cloud of smoke from the exhaust that changes in colour and intensity - blue, light grey or white - but mainly blue. I was recently reported to CRT by a landlubber whilst in Central London for 'gassing his flat' whilst running the engine to charge my batteries one evening, because of the blue smoke coming out of the exhaust. There is black residue collecting around the exhaust outlet on the boat exterior which I assume is from burning oil. When I top up my engine oil it disappears by the end of the day after cruising, because it is leaking oil from multiple places, including the air filter. There was also an issue with power - the boat would not increase speed despite the throttle in a high position, this has improved slightly with the injector refurbishment, and injector pump refurbishment, as one injector had not been firing for a long time. The lift pump has also been replaced as this was leaking heavily. The flooring around the engine is stained black from oil leaks over the past 42 years. The engine shakes the whole boat when running.
I have had 4 marine engineers look at it now, all of which have high recommendations from other boaters. 2 of which said that the injectors should solve the problem and the engine might be worth keeping as Petters were good in their day - the injectors haven't solved the problem. The most recent engineer said he could do a compression test and the engine would most likely need a full 'top refurbishment' or words to that effect, but the cost of the compression test along with the work would be about £2.5k, and so already I'm at the price of a refurbished newer engine model, minus installation fees. Finding the survey from 1999 was the last straw as this confirmed that the exhaust has emitted a blue smoke since the engine was first put in the boat. So if it has always had problems, is an old engine that doesn't add any value to the boat, why would I throw more money at it attempting to fix something that has never run well?
Tbh I just want something that is reliable and runs without giving me a headache from the fumes and a lot of anxiety when cruising. The hull had high readings on it's last survey and the boat itself is sound, but I got the boat for a very low price through a family friend who was aware the engine was troublesome. So no 60k scenario here (fingers crossed)
Any other details needed?