Faster than monohulls as there is less drag in the water.
Resists overturning better
Cons
Slower to turn than monohulls due to drag
Can capsize
http://www.superyachttimes.com/articles/Image/Companies/Sabdes/2009-01-50m-Cat/Sabdes-Cat-50-big.jpg
This is a high speed military catamaran.
http://www.ratedorhated.com/ratings/huge_catamaran_b.jpg
http://www.liveyachting.com/wp-content/uploads/2009/06/60m-motor-catamaran.jpg
Basic Catamaran
Hyodroairy or Pontoon Type
SWATH Type