"I've seen sharks in the past and they've been quite stand-offish but this one was very fired up," he said.
"She was quite aggravated, I think she was attracted to the outboard motor and propeller."
After 20 minutes Hoey admitted defeat and found another fishing location.
Hoey's wife, Rachael, said it took a couple of days for the incident with her husband to sink in.
"When Dan came home and showed me the vision I didn't think too much of it because we are used to seeing sharks but after watching the video a couple of times it's only just hit me how full on it was," Rachel said.
"The shark tried to take a chunk out of the motor, and it left some marks and scratches."
The couple own Salty Dog Charters, a fishing business which has been operating out of Port Fairy for four years.