Impact loads from incoming waves always challenge the strength of structural parts of a ship. Modern high-speed crafts including naval vessels are subjected to impact loads during high speed and sudden manoeuvre. Wave slamming may damage structural parts and cause flooding of compartments due to impact. Hydrodynamic impact load results in structural damage in conventional marine vehicles. Loads during cargo loading, unloading, shipping of green water, impact with icebergs etc. come under low-velocity impact loads. The structural parts of a ship can also be damaged due to the impact of collision with icebergs as in the case of the Titanic accident. Weapon discharge, flight operation, bulk cargo operation and collision with other structures are other examples of impact load acting on marine vehicles. Severe hydrodynamic impact load may cause damage of shell plating, collapse of bow part, damage of hatch covers, collapse of hull girder etc. Such structural parts should possess sufficient impact strength. Composite shells can be used for hull, deck or hatch covers of bulk carriers to reduce the weight of vehicle and to indirectly increase the pay load capacity. In the present work, cost-effective composites are prepared by adding fillers to improve impact strengths and tested to verify the same. The main objective of the study is to develop a cost-effective composite to be used as part of hull, deck and hatch cover of bulk carrier. Feasibility and selection of fillers to improve impact strength are established. Prior to this, different sizes of fillers and the chemical treatment of filler with acid were considered. Calcium carbonate (CaCO3), silicon carbide (SiC) and alumina (Al2O3) are considered with glass epoxy composite for the above analysis. The additional impact strength due to the application of fillers is determined using Izod impact strength tests. Contact force is considered as a scale parameter for the impact response for composite laminates. Contact force is the force against impact load on composite structures. Contact force and deflection history of composite panels are affected by a number of parameters such as fibres angle, laminate geometry, impactor energy, stiffeners, surface area of impactor and loading eccentricity. Effects of all possible parameters are included and their influence on the response is determined using the well-known package based on finite element method (FEM), ABAQUS. The FEM analysis of Khalili et al. (2011 Compos Struct 93:1363–1375) is used for comparison of results of the present numerical analysis. The study leads to many new insights to designers of cost-effective composite structures.