Maine Maritime Academy

What Maine Maritime Academy does

Maine Maritime Academy (MMA) is a public maritime college founded in 1941 and located on a 35-acre campus in Castine, Maine. It serves approximately 600 cadets and students through undergraduate degree programs in Engineering, Marine Transportation Operations, International Business and Logistics, Marine Biology, and related disciplines, plus online graduate degrees through the Loeb-Sullivan School of International Business & Logistics at $900 per credit hour. The institution reports a job placement rate exceeding 90% within 90 days of graduation, an 11:1 student-to-faculty ratio, and 80% student retention.

MMA's core assets include the State of Maine, a 525-foot National Security Multi-Mission Vessel (NSMV) delivered in March 2026 and built by Hanwha Philly Shipyard for the U.S. Maritime Administration (MARAD), featuring eight classrooms, advanced labs, a training bridge, helicopter pad, and medical facilities. The Center for Professional Mariner Development (CPMD), based at the Bucksport facility, delivers 33+ STCW and USCG-approved certification courses through online, hybrid, and in-person formats, including Basic Training, Advanced Fire Fighting, ECDIS, and officer license programs. A reconstituted Nuclear Engineering minor (March 2024) and an endowed chair in Nuclear and Reliability Engineering position MMA for the emerging floating nuclear and decarbonization workforce.

The Academy operates as a state public institution funded by tuition, state appropriations, federal grants (including U.S. Navy Submarine Industrial Base funding), and philanthropic gifts. Revenue streams include tiered undergraduate tuition ($418-$961/credit hour by residency), graduate tuition, professional mariner certification fees, and endowment income. GTM is sales-led through direct admissions, online enrollment, the CPMD professional channel, and GI Bill-supported veteran enrollment, with distribution supported by active alumni chapters and an Enrollment Ambassador referral program.

Name

Maine Maritime Academy

Legal name

Maine Maritime Academy

Website

https://mainemaritime.edu

Company type

Public

Founded year

1941

Operating status

Operating

Headcount range

101–250 employees

Short description

Maine Maritime Academy is a public maritime college in Castine, Maine, founded in 1941, serving cadets, working mariners, and veterans through undergraduate degree programs, STCW/USCG professional certifications, and graduate degrees in International Business and Logistics.

Ownership category

akta.pro rank

Product category

Maritime Higher Education

NAICS

Technical and Trade Schools (6115), Ship Building and Repairing (336611), Ship and Boat Building (3366)

SIC

Services-Educational Services (8200), Ship & Boat Building & Repairing (3730)

akta.pro primary industry

Navigation, Seamanship & Offshore Operations (EDAOANAE)

akta.pro secondary industries

Marine Engineering & Engine Room Operations (EDAOANAB), Merchant Marine & Deck Operations (EDAOANAA), Maritime Safety Management Systems & Training (ISM/ISO 45001, Drills, Competency) (TLAHANAF)

Keywords

• Maritime higher education
• Marine engineering programs
• Professional mariner training
• STCW certification courses
• Logistics graduate programs

Headquarters

HQ city

Castine

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Undergraduate Tuition and Fees: Core revenue from undergraduate degree programs with tiered tuition rates based on residency (In-State, New England Regional, Out-of-State) plus additional fees including administrative, student life, technology, recreation, energy, and medical services fees.
2. Graduate Tuition - Online Programs: Graduate programs in International Business & Logistics offered online at $900 per credit hour, with Alumni Advantage discounted rate of $600 per credit hour for eligible graduates.
3. Professional Development and Continuing Education: Center for Professional Mariner Development generates revenue through STCW certification courses, non-STCW professional courses, and specialized training. Individual course fees range from $105 for certification exams to higher amounts for multi-day comprehensive programs.
4. Grants and Donations: MMA receives external funding through gifts such as the $1.5M endowment from Guy E. Mossman for Nuclear and Reliability Engineering, supporting program development and faculty positions.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Maine Maritime Academy is a public maritime college that delivers undergraduate and graduate degree programs in Engineering, Business, Science and Transportation, alongside STCW- and U.S. Coast Guard-approved professional mariner certification courses through its Center for Professional Mariner Development. Hands-on training is delivered aboard the 525-foot State of Maine training vessel (a National Security Multi-Mission Vessel) and at the Bucksport training facility, supporting workforce preparation for the U.S. Merchant Marine, Navy, and global maritime industry.

Product overview

Maine Maritime Academy offers a portfolio of educational products and services centered on maritime education and professional development. The institution provides undergraduate degree programs in Engineering, Business, Science, and Transportation, alongside graduate programs through the Loeb-Sullivan School in International Business and Logistics. The Center for Professional Mariner Development (CPMD) delivers professional certification courses meeting STCW and U.S. Coast Guard standards through online, hybrid, and in-person formats. The academy recently acquired the State of Maine, a purpose-built 525-foot National Security Multi-Mission Vessel (NSMV), as its next-generation training ship to support cadet instruction and humanitarian relief operations.

Differentiator

Problem solved

Functional benefit

Brands

• Center for Professional Mariner Development (CPMD): Professional mariner development center offering STCW certification and maritime training courses including online, hybrid, and in-person options.
• Loeb-Sullivan School of International Business & Logistics

Products and services

• Undergraduate Academic Programs Career-oriented undergraduate degree programs in Engineering, Business, Science and Transportation, including Marine Transportation Operations, International Business and Logistics, Marine Biology, and engineering disciplines. On-campus programs with hands-on training components and a job placement rate exceeding 90% within 90 days of graduation.
• Loeb-Sullivan School Graduate Programs Online Master of Science degrees in International Business & Logistics and Maritime Management, designed for working professionals with flexible scheduling. Priced at $900 per credit hour with an Alumni Advantage discounted rate of $600 per credit hour for qualifying graduates.
• Center for Professional Mariner Development (CPMD) Professional mariner development center offering more than 33 STCW- and U.S. Coast Guard-approved courses including Basic Training, Advanced Fire Fighting, ECDIS, Radar Observer, Tank Ship Dangerous Liquids, Vessel Security Officer, and Section 608 Refrigeration Certification. Delivered online, hybrid, and in-person to working mariners and maritime industry professionals.
• State of Maine Training Ship (NSMV) A 525-foot National Security Multi-Mission Vessel serving as the Academy's next-generation training ship. Accommodates 600 cadets and up to 1,000 people in humanitarian emergencies. Features include eight classrooms, cutting-edge labs, training bridge, auditorium, helicopter pad, advanced medical facilities, and roll-on/roll-off and container capacity. Built by Hanwha Philly Shipyard for the U.S. Maritime Administration (MARAD).

Quantifiable outcome

• Job placement rate exceeds 90% within 90 days of graduation
• +4 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Nine partnerships are on record, tiered minor and core.

• Maine International Trade Center (MITC)minorStrategic or Co-development Partner · 17 March 2026MMA was named Service Provider of the Year by MITC at an award ceremony recognizing four Maine organizations for export, innovation, and investment achievements. MMA was recognized alongside Ocean's Balance, Third Planet Innovation, and the Roux Institute at Northeastern University.
• U.S. Maritime Administration (MARAD)coreStrategic or Co-development Partner · 26 August 2025MARAD and MMA partnership for National Security Multi-Mission Vessel (NSMV) program. The State of Maine is the third of five planned NSMVs being built for MARAD by Hanwha Philly Shipyard. The vessel serves as MMA's next generation training ship supporting cadet academic development and federal humanitarian relief efforts.
• Hanwha Philly ShipyardcoreStrategic or Co-development Partner · 26 August 2025Hanwha Philly Shipyard in Pennsylvania is building the National Security Multi-Mission Vessels (NSMV) for MARAD, including the State of Maine delivered to MMA. The 525-foot purpose-built training vessels feature advanced labs, training bridge, and capabilities for disaster response.
• TOTE ServicesminorStrategic or Co-development Partner · 26 August 2025TOTE Services participated in the christening ceremony of the State of Maine and provides operational support for the NSMV program.
• RPA Inc.minorImplementation/ SI/ Consulting Partner · 19 March 2025RPA Inc. is the nationally recognized executive search firm selected by MMA's Presidential Search Committee to conduct the national search that resulted in Craig Johnson's selection as the 16th President.
• U.S. Department of Transportation Maritime Transportation System National Advisory CommitteeminorStrategic or Co-development Partner · 6 February 2025MMA President Craig Johnson '91 was reappointed to the MTSNAC advisory committee, representing the only President from a State Maritime Academy on this federal advisory body.
• ORBIS, Inc.coreStrategic or Co-development Partner · 7 August 2024MMA and ORBIS, Inc. (Portsmouth, NH-based defense contractor) established the Naval Shipyard Institute workforce development program. Funded by the U.S. Navy's Submarine Industrial Base (SIB), the intensive skills training program trains over fifty students in welding, machining, and marine electrical over 14 weeks for employment at Portsmouth Naval Shipyard.
• Portsmouth Naval ShipyardcoreImplementation/ SI/ Consulting Partner · 7 August 2024Portsmouth Naval Shipyard is the employer destination for graduates of the Naval Shipyard Institute workforce development program. MMA collaborates with the shipyard on training for submarine maintenance, repair, and sustainment.
• Maine Department of LaborminorImplementation/ SI/ Consulting Partner · 7 August 2024The Commissioner of the Maine Department of Labor attended the inaugural Naval Shipyard Institute workforce development program event, indicating state workforce development collaboration.

Scale indicators7 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• MITAGS (Maritime Institute of Technology and Graduate Studies): MITAGS is a continuing education and professional development center for mariners, offering STCW-approved courses, simulation training, and license upgrade programs. It is a direct peer to MMA's Center for Professional Mariner Development (CPMD) and competes for the same working-mariners continuing education market.
• California State University Maritime Academy: Cal Maritime is a four-year state maritime academy on the West Coast offering marine transportation, mechanical engineering, and facilities engineering technology. It competes directly with Maine Maritime Academy for cadets seeking unlimited tonnage licenses and is part of the same federal maritime academy system.
• SUNY Maritime College: State University of New York Maritime College is one of the six U.S. state maritime academies, offering undergraduate deck and engineering programs, STCW training, and graduate degrees. It is the closest direct peer to Maine Maritime Academy in mission, regulatory scope, and target student population.
• Massachusetts Maritime Academy: Another state maritime academy offering marine transportation, marine engineering, and emergency management programs with a required training cruise. Massachusetts Maritime is a direct competitor for Northeast students and is similarly structured around STCW certification and a federal co-op license program.
• Great Lakes Maritime Academy: Located at Northwestern Michigan College, Great Lakes Maritime Academy is a state maritime academy offering marine technology and marine engineering programs leading to unlimited tonnage licenses. It is a direct peer for marine operations training and competes for students from the upper Midwest.
• United States Merchant Marine Academy (Kings Point): USMMA is the federal maritime service academy located in Kings Point, NY, training officers for the U.S. Merchant Marine. It is the most analogous federal maritime peer to MMA, sharing STCW curriculum, regimental structure, and unlimited tonnage license preparation.
• Seafarers Harry Lundeberg School of Seamanship (STAR Center): STAR Center operates one of the most advanced maritime simulation training facilities in the U.S., delivering STCW-approved courses, dynamic positioning, and mariner credentialing programs. It is a direct competitor to MMA's CPMD in the working-mariners continuing education and simulation-based training market.
• Texas A&M Maritime Academy: Texas A&M Maritime Academy (at Galveston) offers marine transportation, marine engineering, and maritime administration programs as part of the Texas A&M system. It is one of the six federal/state maritime academies with comparable STCW training scope and an analogous U.S. Coast Guard-approved curriculum.

Broad incumbents

• U.S. Coast Guard Academy: The U.S. Coast Guard Academy is a federal military service academy in New London, CT, training officers for the Coast Guard. While broader in mission and federal in funding model, it overlaps with MMA in producing maritime officers with strong STCW-equivalent training and competes indirectly for students interested in maritime service careers.

Emerging players

• Webb Institute: Webb Institute is a highly specialized private college offering a single ABET-accredited program in naval architecture and marine engineering. While it does not directly compete with MMA's deck officer training, it overlaps with MMA's marine engineering curriculum and competes for the same pool of technically-inclined prospective engineers.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Maine_Maritime
• YouTubeyoutube.com/channel/UC8u7RX4BZD_lqHepHEHSZTA
• Facebookfacebook.com/210189619050355
• LinkedInlinkedin.com/company/maine-maritime-academy-18583
• Instagraminstagram.com/maine_maritime

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Maine Maritime Academy