The submarine experiences longitudinal vibration in the propulsion shafting system throughout most of run. A transfer matrix model of the propulsion shafting system, in which the dynamic characteristics of oil film within thrust bearing are considered, is established to describe the dynamic behavior. Using hydrodynamic lubrication theory and small perturbation method, the axial stiffness and damping of oil film are deduced in great detail, followed by numerical estimation of the foundation stiffness with finite element method. Based upon these values of dynamic parameters, the Campbell diagram describing natural frequencies in terms of shafting rotating speeds is available, and the effect on the 1st natural frequency of considerable variations in thrust bearing stiffness is next investigated. The results indicate that the amplitude of variation of the 1st natural frequency in range of low rotating speeds is great. To reduce off-resonance response without drastic changes in propulsion shafting system architecture, the measure of moving thrust bearing backward is examined. The longitudinal vibration transmission through propulsion shafting system results in subsequent axial excitation of hull; the thrust load acting on hull is particularly concerned. It is observed that the measures of structural modification are of little benefit to minimize thrust load transmitted to hull.