There is a limit to everything.
The maximum speed of a displacement hull vessel (like a big ship) is a function of its waterline length. The formula is 1.34 x SQ RT Waterline. A ship with a 1,000 ft waterline reaches this so-called "hull speed" at a bit over 42 knots.
Once a displacement hull vessel reaches its hull speed, applying more power simply "digs a hole" for the stern and results in little additional (if any) speed. Designers have found some ways to "cheat" on hull speed.
The U.S. Navy's famous 4-piper destroyers of the 1920s were extremely narrow and "nuttin' but engines" below decks. They could exceed their theoretical hull speed but only at an enormous expense in fuel. And, when they did, their fantails were reportedly in a self-dug hole more than 20 feet deep. Can't vouch for the size of the hole, but photos of them "at speed" show an alarming wall of water on either side of the stern.
Extremely narrow beam like those destroyers was tried on passenger vessels, but with limited success. Passenger ships require high superstructures, so quickly became too narrow for good stability. Also, the energy needed in terms of tons of coal for a 4-piper to exceed hull speed was far beyond anything a commercial ship could afford.
Other methods of "cheating" hull speed have been found. Most often, they involve finding a way to increase the effective waterline length without increasing draft or the friction of the "wetted surface" of the hull. Another trick is to change the shape of the bow wave with "bulbs" and other odd shapes on the stem. Some designers have claimed they could get speeds of 1.4 or 1.45 times the SQ RT of the "at rest" waterline length.
Skin friction is a major problem in large, high-speed displacement vessels. One way to have increased Titanic's speed (and the other riveted construction ships of the era) would have been to reverse the directly of the overlap on the vertical butts between plates. Titanic's were lapped so the "step" of the overlap faced aft. This seems the logical way. However, the aft-facing step causes a burble in the flow of water, which creates drag. Facing the step forward causes water to "pile up" in the butt, which forms a smooth wedge to improve the flow of moving water along the hull. The gain is slight, but measurable.
The speed of naval ships is always considered as "secret" despite the fact that accurate numbers are available. And, navies often issue "disinformtion." I recall during the Gulf War that a U.S. Navy aircraft carrier departed the East Coast with fanfare. Seemingly hours later it was reported in action. Dividing the distance by the time required the ship to have made in excess of 55 knots. The rumor mill was full of stories that the carrier actually made speeds illegal on some freeways.
What the military did not say, however, is that the ship was "in action" only because its aircraft could fly exponentially faster and farther.
My river ferry is designed to "push" against the pier while boarding passengers. We don't tie up, just keep the engine in forward tt slow speed. Special pusher "knees" hold the vessel at 90 degrees to the pier. We have found a specific RPM at which this pushing works best. Logically, Mr. Spock, this has been dubbed "wharf speed."
--David G. Brown