I have an old one of these that does get a bit of water splashed inside the hull. The hatch covers aren't perfectly sealed and the drain plugs (on top) also seep. [could be a reason for drain plugs ;-) My guess is that when you sit on it in the water the hull will displace the water rather than mash down like on dry land, thus holding its shape rather than passing air through non-hermetically sealed fixtures.
Canoe/Kayak Storage Racks
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