Close but no cigar...
The boat name is in a dialectal swedish, spoken in my hometown up the coast in Finland. Yup, there are about 4 percent of us here in Finland, who speak mainly swedish.
Anyway, the name Sööta Öödi translates into "Sweet Destiny", although "sööta öödi" is mainly used as an expression (something between "oh dear" and "for f*cks sake!).
"Sööta Öödi!" was also part of what my mother exclaimed when I told her that I had borrowed a substantial amount of money from my sister in order to buy a boat...
(Our rubber dinghy (courtesy of my insurance company after our former dinghy took to the air in a 21 m/s gust) is called "Kondoomin", the contraceptive...)
And yes, finnish *is* an impenetrable and tongue-paralysing language but alas, extremely useful for cursing, swearing and general lamentation!