A floating breakwater system comprises a plurality of modules that are flexibly affixed together. The modules are affixed together to make up a plurality of vertical panels made up of the modules and the vertical panels themselves are flexibly affixed together in generally parallel relationship. Each individual module has a front face that faces the oncoming wave. There are at least two inlets in the front surface and corresponding outlets in the rear surface and passageways between the inlets and the outlets such that the water propelled by the wave passes through the at least two passageways. Each passageway is tapered inwardly in the direction of the flow of the water and each passageway has a main longitudinal axis. The respective axes are angled inwardly toward each other and converge at a point displaced rearwardly from the outlets so that the water that passes through the passageways intersect at the point and the energy of the wave is dissipated.