Complex sentence: Having a shallow "V" in the bottom and near-vertical panels above that, it approximates the shape of traditional rounded hull boats fairly well, and is common even in fiberglass designs where employing chines offers no advantage in construction.
Split into simpler sentences: Having a shallow "V" in the bottom and near-vertical panels above that, it approximates the shape of traditional rounded hull boats fairly well. This hull is common, even in fiberglass designs where employing chines offers no advantage in construction.