A computer program was developed for the analysis of the coupled transverse vibrations of a multi-supported shaft system. The program, based on the theory of Transfer Matrix Method, was written including the system parameters such as the entrained water and gyroscopic effects of the propeller, the rigidity of bearing combined with the oil film effect, and the whirling frequency of the shaft. The program was used to calculate the resonance frequency of the shafting system of the ship Hanbada. The results show good agreement with the measured values. The results are also compared with those of F.E.M. from the comparison, it is found that both results agree well with each other.