There are numerous studies and projects in the area of high speed sea cargo vessels.
Most vessels are rather small or the range is limited.
The craft has a hull form that allows to ride on its own wave like a surfboard and it reaches higher speeds. The main portion of drag is caused by viscous flow. FastShip Inc. operates at higher Froude numbers and generates more resistance in waves. The energy which is necessary to produce these waves his much higher than for a conventional ship of similar size. On the other hand viscous drag increases in bad weather for normal ships so much, that they have to slow down.