The interest in exploiting fast ships as cargo vessels has grown in recent years. This paper examines the economic viability of such vessels by deriving operating cost estimates for outline design solutions relating to three kinds of fast freighters, i.e., a monohull , a catamaran, and a trimaran. Thier hullforms are then optimized so as to minimize each of the total resistance. The total transport cost is also caluclated for each vessel option in an assumed operating scenario, which allows an assessment of the potential competitiveness of fast freighters with conventional containerships and air transports, operating for several Asean trade routes including Taiwan, Hongkong and Singapore.