Couple of things could be causing that, but the first I would try is the short cable coming from the motor box that connects to the steering tube/transom adaptor inside. Get some pics of the inside setup also, something looks wrong with where the cable connects to the transom adaptor just under the steering tube, and the motor is definately struggling. Could be a bad motor, but more likely the cable. There's periodic greasing you need to apply inside that motor box as well.
Ray