Craft competition (8)

I believe the answer is:

boatrace

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'craft competition' is the definition.
I don't know anything about this answer so I can't tell whether it can be defined by this definition.

'craft competition' is the wordplay.
'craft' becomes 'boat' (boat is a kind of craft).
'competition' becomes 'race' (race is a kind of competition).
'boat'+'race'='BOATRACE'

Can you help me to learn more?

(Another definition for boatrace that I've seen is " sporting event".)

I've seen this clue in The Irish News.

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