When I make my boats I carve a master in Balsa which is about 2mm too wide and 2mm too long. Its also about 1/2" too deep so you have something to handle. I grease the outside and take a mould in house plaster or plaster of Paris. Once removed I cut along the keel and make it 2mm narrower and the same lengthwise.
The next step it to make a square frame and pin some plastic card on to it. Pop in the oven until it gets hot, place over the female mould and plunge the hull into it and once it sets you have a very light hull. The reason for trimming down the hull size is to make room for the plastic card.
Remove from the mould and trim to shape then it out with plastic strips with the bulwarks first both inside and outside ant his give rigidity. Glue on the keel, stem and stern pieces and fit out the interior with as much detail as you want.
This gives a very light hull and if you build to the same scale you can use the mould multiple times for other models as ships boats are pretty much all the same.
Cheers
Geoff