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Advances in Computational Fluid Dynamics (CFD) techniques through the development of the Reynolds-Averaged Navier-Stokes Equations (RANSE) have assisted in estimation of resistance and propulsion characteristics of ships to a reasonable level of accuracy. The aim of this paper is to test and demonstrate the capabilities of the coupled RANSE and Lifting Line theory for undertaking ship resistance, propeller open-water and self-propulsion simulations. Further, parametric studies for generation of numerical propeller design sheets and optimisation of propulsive efficiency using the coupled simulation approach has been discussed. Commercial CFD solver “M/s Flowtech - Shipflow” has been used for the study. Initially, some benchmark experimental/numerical model results are validated with the results of the CFD simulations and then, further parametric analyses have been undertaken with the KRISO Container Ship and the KP505 Propeller. The numerical propeller series and the preliminary study methodology for optimization of location of propeller disc behind the ship’s hull are being proposed as an effective concept/feasibility design stage tool for estimation of ship propulsion characteristics.