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A discrete-module-finite element (DMFE) based hydroelasticity method has been proposed and well developed. Firstly, a freely floating flexible structure is discretized into several macro-submodules in two horizontal directions to perform a multi-rigid-body hydrodynamic analysis. Each macro-submodule is then abstracted to a lumped mass at the center of gravity that bears the external forces including inertia force, hydrodynamic force and hydrostatic force. Apart from external forces, all lumped masses are also subjected to structural forces that reflect the structural deformation features of the original flexible structure. The key to calculating the structural forces is derivation of the equivalent overall structural stiffness matrix with respect to the displacements of all lumped masses, which is tackled following the finite element procedure. More specifically, each macro-submodule is discretized into a number of microelements to derive the corresponding structural stiffness matrix, which is manipulated to a new one including only the nodes at the position of the lumped masses and surrounding boundaries by using the substructure approach, and subsequently the target overall stiffness matrix is obtained by combining together all macro-submodules. Finally, based on equivalence between external and structural forces, the DMFE method establishes the hydroelastic equation on all lumped masses with their displacements as unknown variables. Solving the equation gives the displacement response of all lumped masses. Displacement and structural force responses are first calculated on the interfaces of every two adjacent macro-submodules, after which at any given position of the flexible structure, the recovery of displacement is based on the structural stiffness matrix of the corresponding macro-submodule and the recovery of structural force uses the spline interpolation scheme.