You should repair that big chip in the gel coat that is exposing the underlying laminate before working on the gloss appearance of the hull.
The blue paint is anti-fouling paint. You do not polish or sand it. If you are keeping the boat in the water, you may want to reapply a new coat of anti-fouling paint. If the boat will not live in the water, you might want to remove the anti-fouling paint and restore the hull gel coat below it.
As for your two-step combination of sanding and polishing, try it first on a small area to see how it works. You may find that adding several intermediate steps between 600-grit wet sanding and marine polish will help. Your two-step approach may create too much abrasion for a polish to handle.
The old favorite paste wax (which is somewhat labor intensive to apply) is Collinite Fleetwax. I have used
Collinite No. 925 Fiberglass Boat Wax with good results. On my boat, which is stored indoors and only sees the water a few weeks each year, the 925 wax lasts several years,