The Okean Shipyard located in Mykolaiv, Ukraine is the third major ship construction yard in the area. It operates modern production facilities supplied by world known companies and it has a medium and heavy tonnage production line. The yard has constructed many different types of vessels to include non-self propelled barges, sea rescue tugs, timber-carriers, fish-processing factories, bulk carriers, and research ships.

Mykolaiv is a city and a hromada (municipality) in southern Ukraine. Mykolaiv is the administrative center of Mykolaiv Raion (district) and Mykolaiv Oblast (province). The city of Mykolaiv, which provides Ukraine with access to the Black Sea, is the location of the most downriver bridge crossing of the Southern Bug river. This city is one of the main shipbuilding centers of the Black Sea. Aside from three shipyards within the city, there are a number of research centers specializing in shipbuilding such as the State Research and Design Shipbuilding Center, Zoria-Mashproekt and others. As of 2022, the city has a population of 470,011. Mykolaiv holds the honorary title Hero City of Ukraine.