The issues associated with the application of CFD for ship design are addressed. Doubtlessly at the moment, CFD tools are very useful in evaluating hull forms prior to traditional towing tank tests. However, time-consuming pre-processing is an obstacle in the daily application of CFD tools to improve hull forms. The accuracy of computational modeling without sacrificing the usability of CFD system is also to be assessed. The wave generation is still predicted by using potential panel methods, while velocity profiles entering into propeller plane is solved using turbulent flow solvers. The choice of turbulence model is a key to predict nominal wake distribution within acceptable accuracy. The experimental data for CFD validation are invaluable to improve physical and numerical modeling. Other applications of CFD for ship design than hull form improvement are also given. It is certain that CFD can be a cost-effective tool for the design of new and better ships.