The paper presents the results of research focused on the wave propagation in the CTO S.A. deepwater towing tank. In the scope of paper, the wavemaker transfer function was determined for regular waves, based on the Biésel Transfer Function and further for irregular waves, based on Hasselman model of nonlinear energy transfer. The phenomena: wave damping, wave breakdown and wave reflection, were measured, analyzed and mathematically modeled. Developed mathematical models allow to calculate the impact of mentioned phenomena on the wave propagation and furthermore to calculate the wave characteristics along the whole measurement area in the CTO S.A. deepwater towing tank, based on wavemaker flap motion control.