Formed in 2004, the International Maritime Business (IMB) department has been serving the needs of the global maritime industry by producing graduates well-versed in the foundations of both business and maritime worlds. The mission of the International Maritime Business (IMB) Department is to create disciplined, hard-working and positive-thinking professionals who will be generally well-versed in all functional areas of international business, and at the same time, will have specific expertise in the maritime sector, where such expertise will be earned as much from practical experience as from a rigorous academic program. The International Maritime Business program serves the trade interests of the Commonwealth and nation. The emphasis on curricular design is aligned to the educational philosophy of the Academy: Learn–Do–Learn. Through academic coursework, students learn the concepts and principles of international maritime business. They then apply this learning in a professional context during sea-term and cooperatives/internships. Based upon that experience, students then improve and adapt their understanding of the concepts and theories.
The curriculum includes introductory courses in vessel familiarization and business computations; cognate courses in such areas as admiralty law and port terminal operations; and courses in economics, finance, accounting, business of shipping, global logistics, chartering and brokerage, marine insurance, international business, negotiations and organization management. 46 credits of general education form an integral part of the curriculum. It also includes a capstone seminar in international maritime business during the senior year.
The practical component of the curriculum includes one sea term and two internships. The IMB program requires the students to complete the two co-ops typically during their junior and senior years. A summer session co-op, mid June thru August, and a winter session co-op, late December thru February, typically run for 6-8 weeks. The IMB co-op program provides the students with excellent opportunities to gather practical experience in their chosen field in keeping with the 'learn-do-learn' philosophy of the institution and develop future employment prospects.
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