Port point was organized in the Bug estuary, which was awarded the title of "Oktyabrsk" by ministerial order of Navy of USSR from February 12, 1966 № 29.
Port point has been built on the left bank of the Dnieper-Bug estuary, at a distance of 1.5 miles from Nikolaev and 37.6 - from Ochakov.
In 1992 State Enterprise "Specialized sea port "Oktyabrsk" was founded, Order of the Ministry of Infrastructure of 17.10.2016 №354 renamed the State Enterprise "Stevedoring Company "Olvia".
According to the Cabinet of Ministers of Ukraine on January 25, 2017 №46 Specialized sea port "Oktyabrsk" renamed specialized sea port Olvia.
The port belongs to a group of ports in the North-West Black Sea. There are 8-ports: Belgorod-Dniester, Chornomorsk, Odesa, Yuzhny, Olvia, Мykolaiv, Kherson, Skadovsk.
Vessels approach into the port is carried out on the Dnieper-Bug-liman channel. According to the rules of navigation on the channel, the depth and length of the mooring line can accommodate vessels up to 230 meters in length, a width of up to 32.5 m, deadweight up to 80 thousands tons. Project depth at the berths - from 9.75 m to 11.5 m, but straight depth of BDLC restricts the capabilities of the enterprise for receiving vessels is 10.3 m.