T Man said:
I believe it is made with a waterproof glue unlike cabinet grade ply.
Wrong.
Here is some info I copied from a site from Australia. It is no different than here in the U.S.
MARINE PLYWOOD EXPLAINED
Many Australians grow up with the belief that Marine Plywood is a ‘special’ product made with secret adhesives that make it virtually indestructible. This is an urban myth.
The adhesive (glue) that is used to bond the veneers of Marine Plywood together is the same as any other structural plywood that is manufactured in Australia.
What is Marine Plywood and why is it so expensive?
A boat travelling through water is subject to plate action from waves and floating debris. Marine Plywood is designed to absorb these forces due to the fact that this plywood is the closest to solid wood. In fact it is better than solid wood with defects having been graded out.
Marine plywood is manufactured using the highest quality grade of veneers. These veneers don’t have defects and thereby eliminate core gaps when the sheet is cut. These veneers are not available in volume compared to lower grades.
As these high grade veneers are used in every layer, marine plywood is dearer than other grades such as structural plywood
As I said there are no gaps in the wood. All perfect veneers that are glued together, making them very expensive. Same reason cdx is cheaper than ab plywood. More gaps in cdx.
I have probably made well over 100 transoms in my lifetime. I started in '88. Since I did this for a living for almost 20 years, I'm not just giving opinion. Now days we don't make them out of wood. We pour solid glass transoms.
I posted a thread here several years ago about it.
Anyways, I'm not trying to come across as a know it all. I am trying to be helpful and informative to everyone here. Since this is the inter web and no one knows how I am saying this, I just want y'all to know. This is just informational.