Imo, a horizontal shot would be e alot more dynamic here, speaking of setting sails that is important. As it is, it's a good quality picture, but it's more of a portrait of a boat, rather than something conveying energy and thrill of new things.
too bad it was overcast this day (is that ice it's sitting on? wow) - some color and light in the sky would've done this otherwise great shot some justice.
Wow... Not so much the photo, but the concept of land-yatching on ice..... That's gotta be a huge rush.
Oh, and I like the photo as well, I think you've chosen a good crop, and you've done well in poor light. A bit more contrast would be nice, but you would have had to adjust the exposure in camera, not in PS/GIMP to do that without making it obvious. (+2/3rds of a stop compensation...)