Unknown parameters can be determined by system identification techniques. Extended Kalman filter method was introduced as a real time estimator of hydrodynamic derivatives but it has the problem named the coefficient drift. In this study, 2nd order filter estimates hydrodynamic derivatives in Abkowitz model In order to reduce the coefficient drift, parallel processing is used. The measured state and ship trajectory are compared with the estimated values. Parallel processing of 2nd order filter gives very similar results to parallel processing of extended Kalman filter. Parallel processing cannot not remove the coefficient drift perfectly, but it reduces the estimation error.