Do NOT use latex paint!
Posted by: Canuka on Sep-24-12 9:30 AM (EST)
This should be considered an urban myth. It's all over the internet amateur boat-building sites. Exterior acrylic latex paint is too soft for use on boats, period. You'll be retouching and repainting all the time. Believe me, I made this mistake already on the inside of a canoe. Get a good paint made specifically for painting boats. It's not going to be that much more expensive than a premium latex paint.