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HDPE is a plastic that is lower density than polyethylene, yet has a high tensile strength. So, combined with fiberglass it is good for boat building. Boats are not built just out of fiberglass, but of fiberglass and a plastic resin. Below is a link that explains HDPE better, and it's most popular uses.

Source(s):http://en.wikipedia.org/wiki/HDPE
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Q: 2 Why is HDPE a good material for boats?
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If the triangle is made up of three bent arrows, then it is a recycling symbol which means that the object is made of HDPE: high density polyethylene.If the triangle is made up of three bent arrows, then it is a recycling symbol which means that the object is made of HDPE: high density polyethylene.If the triangle is made up of three bent arrows, then it is a recycling symbol which means that the object is made of HDPE: high density polyethylene.If the triangle is made up of three bent arrows, then it is a recycling symbol which means that the object is made of HDPE: high density polyethylene.