This paper presents achieved results of the first stage 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 IMO and STCW Convention requirements. The paper is divided into following sections: First section is an explanation of the background of the MArED project. Secondly, a general overview of the whole project and activities is described. After, a revision of the existing maritime undergraduate study programmes is carried out and taking into account the results obtained from this initial analysis; the development and design of a programme which meets the new requirements of the STCW for the University of Montenegro and Albania (PC) is explained in third section. Fourth section is focused in the identification of the STCW 95/2010 competencies within the nautical and engine degrees (considering Barcelona School of Nautical Studies (FNB) curricula) and which of them can be evaluated by approved simulator training and also (re) training of PC teaching staff is described. Finally, achieved results and conclusions are presented.