Here's the Geek company that provides the service in the book
http://www.ellada.com/grarr22.html
and wiki says:
"A hydrofoil is a boat with wing-like hydrofoils mounted on struts below the hull. As the craft increases its speed the hydrofoils develop enough lift to raise the hull up and out of the water. This results in a great reduction in drag and a corresponding increase in speed."
http://en.wikipedia.org/wiki/Hydrofoil
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