This paper presents achieved results of the TEMPUS project (544257-TEMPUS-1-2013-1-ME-TEMPUS-JPCR) titled Modernizing and Harmonizing Maritime Education in Montenegro and Albania, MArED Project. The main objective of MArED project is to overcome a problem of competent and qualified human resources in maritime sector in Montenegro and Albania. It will be achieved through the modernization and harmonization of educational and training system in accordance to International Maritime Organization (IMO) and Standards of Training, Certification and Watchkeeping for Seafarers (STCW) Convention requirements, together with EU partners from MET institutions in Slovenia, Spain, Croatia and Romania. The paper is divided into following sections: First section is an introduction of the background of the MArED project. Secondly, in the methodology section, analysis of the current situation and a revision of the existing maritime undergraduate study programmes are carried out; the development and design of a programme which meets the new requirements of the STCW for the University of Montenegro and Albania is explained in discussion section. Finally, achieved results and conclusions are presented in the last section.