Peter
You've answered your question in that you need three channels and you only have two. Don't however just go looking for a 3-channel set. Most are designed for racing cars, have steer-wheels instead of sticks and also have many fancy computerised tricks which are not useful for model boats. They are also very expensive when compared with a basic budget 4 or 6 channel radio.
This is becoming a very popular budget set **LINK**
Dave M
Edited By Dave Milbourn on 19/12/2017 12:21:10