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| Name | Type | Slots | Level | Description |
| Mad Maginn's Mezcal | | | 0 | If you see Maginn stroking his beard, it means he's coming for you! Mad Maginn Mezcal boosts initiative and sword damage. |
| Magistrate's Commendation | | | 0 | |
| Magistrate's Commendation of Excellence | | | 0 | |
| Maison Rustique, or, The Countrey Farme | Recipe Book | | 0 | An unsigned work on various methods of efficient agriculture. |
| Maize | | | 0 | This grain, native to the Americas, is primarily used as feed for livestock, Old Worlders do not conside it palatable. |
| Marble | | | 0 | Slabs of marble. Marble is used exclusively as a decorative and monumental construction material. |
| Mark of Victory | | | 0 | |
| Marquess Misha's Lavender Liquor | | | 0 | |
| Mast Brace, Inferior | | | 5 | Quickly repairs 350 + 11% of your max sail integrity. |
| Mast Brace, Quality | | | 35 | Quickly repairs 575 + 14% of your max sail integrity. |
| Mast Brace, Rough | | | 0 | Quickly repairs 275 + 10% of your max sail integrity. |
| Mast Brace, Standard | | | 15 | Quickly repairs 425 + 12% of your max sail integrity. |
| Mast Hoops | | | 0 | Iron mast hoops provide structural support and reinforcement for mast timbers. |
| Mast Section, Large | | | 0 | A large mast section. Masts are assembled from multiple lengths of fir, used for its flexibility. |
| Mast Section, Medium | | | 0 | A medium mast section. Masts are assembled from multiple lengths of fir, used for its flexibility. |
| Mast Section, Small | | | 0 | |
| Masterpiece Balanced Cutlass | | Main Hand | 41 | A Balanced Cutlass of superb quality. |
| Masterpiece Heavy Cutlass | | Main Hand | 39 | A Heavy Cutlass of superb quality. |
| Meat, Cured | | | 0 | Meat can be preserved by being dried, salted, smoked, or all three. Dried meat offers variety and nutrition aboard ships on long voyages. |
| Medium Accuracy Gun Rig 2 | | | 15 | Improves your cannon accuracy. |
| Medium Armor Planking 4 | | | 25 | Extra armor planking improves yhour ship's ability to take damage. |
| Medium Armor Planking 5 | | | 30 | Extra armor planking improves yhour ship's ability to take damage. |
| Medium Fore-and-Aft Rig | | | 0 | |
| Medium Hull | | | 0 | |
| Medium Nimble Rig 1 | | | 10 | Increases your turn rate. |
| Medium Nimble Rig 2 | | | 15 | Increases your turn rate. |
| Medium Nimble Rig 3 | | | 20 | Increases your turn rate. |
| Medium Nimble Rig 4 | | | 25 | Increases your turn rate. |
| Medium Nimble Rig 5 | | | 30 | Increases your turn rate. |
| Medium Pennant | | | 0 | A medium pennant signifying the capture of a ship.
Pennants may be taken to an official in your national capitol and exchanged for a selection of rewards. |
| Medium Speed Rig 1 | | | 10 | Sails rigged to harness the wind, increasing your speed. |
| Medium Speed Rig 2 | | | 15 | Sails rigged to harness the wind, increasing your speed. |
| Medium Speed Rig 3 | | | 20 | Sails rigged to harness the wind, increasing your speed. |
| Medium Speed Rig 4 | | | 25 | Sails rigged to harness the wind, increasing your speed. |
| Medium Speed Rig 5 | | | 30 | Sails rigged to harness the wind, increasing your speed. |
| Medium Square Rig | | | 0 | |
| Medium Streamlined Hull 1 | | | 10 | Streamlining your hull improves your ship's speed. |
| Medium Tough Sails 1 | | | 10 | Sails designed to withstand more punishment. |
| Medium Tough Sails 2 | | | 15 | Sails designed to withstand more punishment. |
| Medium Tough Sails 3 | | | 20 | Sails designed to withstand more punishment. |
| Medium Tough Sails 4 | | | 25 | Sails designed to withstand more punishment. |
| Medium Tough Sails 5 | | | 30 | Sails designed to withstand more punishment. |
| Medium Wadding 1 | | | 10 | Improves your cannon damage. |
| Medium Wadding 2 | | | 15 | Improves your cannon damage. |
| Medium Wadding 3 | | | 20 | Improves your cannon damage. |
| Medium Wadding 4 | | | 25 | Improves your cannon damage. |
| Medium Wadding 5 | | | 30 | Improves your cannon damage. |
| Molasses | | | 0 | This syrupy by-proudct of sugar refining, molasses can be fermented and distilled into rum. |
| Monkey Island Rum | | | 0 | |
| Montoya | | Primary | 0 | Prepare to die. |
| Muffled Gear | Stealth | | 8 | Strapping down and padding all the gear in the ship makes it quieter and harder to detect on the Open Sea. |
| Mysterious Map | | | | |
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