Oar, Paddle or ?????

[Protector]

I found this in a an antique store in a bin with old canoe paddles and boat oars, with the tag ' Hawaiian paddle?' It seems to me like an extremely un-'seaworthy' paddle, but it does have a South East Pacific look to it. It seems more club like, although it might be fragile for that use. The short shaft/grips patina makes me believe it has not been cut or shortened. It had a slightly crusty/waxy coating on it which I carefully cleaned off with a wood oil soap, but nothing else has been done to it.
Does anyone have any idea what it might be or where it's from??