Old torpedo boats are very difficult to restore. Shipyards know all about
steel and fiberglass. Historic ship people know all about wooden planking.
How many people know about steam bent plywood that is primarily
joined with glue? By the 1950's torpedo boats had steel hulls. Plywood
sheathed hulls are really a lost art form.
Well... we do it all the time in smaller shipyards in Norway... specially since we still have an huge fleet of wooden fishing boats in Norway. Even I have done it for a couple years ago, when trying to find my type of work. So yes I can build a wooden boat, where all the blanks are steamed.
The technique for steaming plywood isn't gone. Just go to the furniture industries and you find it. (I for example work in furniture industry, and we have some sofas and tables that are steamed in to shape, made of plywood.)
It isn't hard to steam plywood, and glue it all together, that technique are still around. The only thing you have to be thinking carefully about, is how the fibers in the wood should cross each other, to make that extra hull strength, thus also allow to reduce material needed.