This paper deals with modeling and characteristic analysis of a large-powered electric ship propulsion system. Particularly, system modeling in accordance with the required shipping performance, building-up the equivalent circuit and the power analysis based on load flow have been performed. In addition, abnormal operating condition of short-circuit network is considered for investigating the safety of system components under the over-load condition. Furthermore, protective device like circuit breaker has been specified in order to make the entire system operate normally in case of short-circuit emergency.