I know there has been some discussion about how the various 7m hulls are built, foam or balsa core. Well, my hull, the old Rib-P appears to be solid fiberglass. 5/8" of solid glass. I cut a hole for a new transducer.
The blue is a bonding agent that hold it all together and fills all the voids, its usually put on with a trawl, them put under presure as the resin is infused into the hull/cap.