Using your plate as boat hull implies a complex load profile probably involving compression, shear and bending, possibly even torsion.
In such cases, it is effectively impossible to give a simple answer to your question.
@RainerJ's answer is perfectly acceptable for tensile and shear loads: if you're replacing material X with material Y and Y's yield strength is half of X's, then you'll need twice the thickness to withstand the load.
For compressive loads, yield strength is probably irrelevant given that the hull would most likely buckle before reaching its compressive yield strength, and buckling is a purely elastic behavior. In this case, what matters is the effective span $\ell$ of the element under compression (which is a function of the true span and the boundary conditions), its moment of inertia $I$ and its Young's Modulus $E$. Perfect Euler buckling is given by
$$P = \dfrac{\pi^2EI}{\ell^2}$$
Actual designs don't use Euler buckling due to imperfections and other behaviors, but this at least gives you an idea of the variables at your disposal. If you're replacing material X with Y and Y's Young's Modulus is half of X's, then you'll need (assuming a simple sheet without stiffeners or whatnot) $\root3\of{2}$ times the thickness to withstand the compression.
If you're dealing with flexo-compression, then you're beyond the scope of a simple answer here, especially given the absolute lack of any sort of details as to your situation.
And as @alephzero mentioned in a comment, if you intend to actually build a boat (as it would seem you do, if you're needing to confer with the authorities), you'll need serious engineering calculations and designs, with considerations far more precise and detailed than anything any of us can offer here. You'll need to either truly learn the engineering principles behind boat design or you'll need to hire an engineer who can do it. This is not the sort of thing to be taken lightly.