The dynamic load caused by sloshing of internal fluid severely affects the structural and control stabilities of cylindrical liquid containers accelerating vertically. If the sloshing frequency of fluid is near the frequency of control system or the tank structure, large dynamic force and moment act on launching vehicles. For the suppression of such dynamic effects, generally flexible ring-type baffles are employed. In this paper, we perform the numerical analysis to evaluate the dynamic suppression effects of baffle. The parametric analysis is performed with respect to the baffle inner-hole diameter and two different baffle spacing types : equal spacing with respect to the tank and one with respect to the fluid height. The ALE (arbitrary Lagrangin-Eulerian) numerical method is adopted for the accurate and effective simulation of the hydrodynamic interaction between fluid and elastic structure.