With regard to your your query on material for construction I would like to suggest as follows:
-Being a sports cruiser vessel speed must be a prime factor. In this
regard fiber glass couldl be the best choice being lighter of the other
three materials in consideration, such as wood, ferro- cement and
steel. Also you could get a very good finish in FGlass. However, one
disavantage of Fglass will be that you may require a mould. But
there are ways to overcome this.
Advantage for steel and ferro-cement is that material readily available.
Steel as material is very familiar. Easy to work with. Steel and cement may
be compartively cost effective, but are heavier when compared toFGlass.
Wood could be quite expensive but may
be easy to work with.Also it is friendly to environment.
My best wishes for the project.