The adaptation received ten Academy Award nominations but only won in two categories for Best Cinematography and Best Sound Editing; in a ceremony otherwise dominated by The Lord of the Rings: The Return of the King (which won every award it received a nomination for), these were the only two of the ten Master and Commander categories where Return of the King failed to earn a nomination.
Adaptasi tersebut meraih sepuluh nominasi Oscar namun hanya memenangkan dua kategori untuk Sinematografi Terbaik dan Penyuntingan Suara Terbaik; dalam sebuah acara yang didominasi oleh The Lord of the Rings: The Return of the King (yang memenangkan satiap penghargaan dimana film tersebut meraih nominasi), hanya dua dari sepuluh kategori Master and Commander dimana Return of the King gagal meraih nominasi.