Designing logo for a boating club

Start by creating a triangle using custom shape tool.

Using direct selection tool select the nodes and move them to create a shape as shown below.
Double click the layer to open layer style window. Apply settings as shown.

 

Duplicate the layer. Press Ctrl+T. Right click and select Flip Horizontal and place on the other side. Press Ctrl+T and scale down a bit.
Double click the layer to open layer style window. Apply settings as shown.

Create a rectangle using rectangular shape tool.

Press Ctrl+T. Right Click and select Warp. Adjust the nodes as shown.
Apply the same layer style as we used for the last triangle.
Using line tool create a couple of horizontal lines.
Create a rectangle using rectangular shape tool.
Press Ctrl+T. Right Click and select Warp. Adjust the nodes and place as shown below.

 

Type in the boating club name below the boat shape. Double click the layer to open layer style window. Apply settings as shown.