Institute of Maritime Studies was established In early 1997, on a request from the D.G. shipping , the Institute of Marine Engineers (India) formed a " Technical Cell " to explore the possibility of starting some more Pre-sea training courses in Marine Engineering as per STCW 95 Convention.
Some members of the cell visited Goa and inspected the facilities available for such a training. The technical cell sought information from various Shipyards and Ship repairing industries, and found that none of the workshops had all the facilities under one roof. Also their managements could not immediately invest in creation of additional facilities. After a lot of deliberations, it was decided that the facilities at various centres could be amalgamated. M/s. Goa Shipyard Ltd., M/s. Western India Shipyard Ltd., and Mormugao Port Trust, agreed to participate in the scheme. M/s. V.M. Salgaocar & Bro. Ltd., and M/s. V. S. Dempo & Co. also consented to the use of their transhippers for training purposes. The facilities of good classrooms, laboratories, workshop, computer centre and library , were available with The Institute of Shipbuilding Technology (ISBT) run and managed by The Society for Industrial & Technical Education of Goa (SITEG) ,( formerly known as The Shipbuilding Industry Society of Goa ) that time headed by its Chairman Shri V.V Dempo, then offered to conduct this course, in ISBT , which was already conducting Diploma Courses in a) Shipbuilding Engineering b) Mechanical Engineering and c)
The Governing Council Consisting of members from all the work centres and representatives of reputed shipping companies, is headed by the Chairman of S.I.T.E.G. It oversees academic functioning of Institute. The Director of IMS, is the Secretary of Governing Council.
The INSTITUTE received ISO 9002 Certification from IRQS, Mumbai in September 1999 and upgraded to ISO 9001:2000 in August, 2002.