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Lead-based paint maybe?
If I remember correctly, it is illegal for ships to use lead-based paint on their hulls anymore. I remember reading complaints from shipping companies that the new paints weren't holding up to the rigors of the cold water, ice and rubbing encountered through the locks very well which is why lake boats look so bad so soon after painting. The decks and cabins may be another story.

Todd S., If your out there can you help us out on this matter?