Oily wastewater from shipping waste and marine accidents have seriously polluted the marine environment and brought great harm to human production and health. With the increasing awareness of environmental protection, the treatment of marine oily wastewater has attracted extensive attention from the international community. Marine oily wastewater has various forms and complex components, so its treatment technology faces great challenges. Sources, types, supervision, and treatment of marine oily wastewater are introduced in this paper. The research progress of marine and ship’s oily wastewater treatment technologies in recent years are reviewed from the perspectives of physical treatment, chemical treatment, biological treatment, and combined treatment, respectively. Principles and characteristics of all kinds of technologies were analyzed. In addition, this paper shows that multiple processing technologies used in combination for the purpose of high efficiency, environmental protection, economy, and energy conservation are the future development trend.