This review summarizes increasing evidence for the role of Labyrithulomycetes in marine ecosystems gathered over the last six decades. It focuses on their diversity, habitats, biomass, productivity and overall role in food webs and remineralization. Earlier studies contributed enormously to the cultured diversity of Labyrinthulomycetes. In recent years, their uncultured diversity has been demonstrated in exotic environments like the deep sea and anoxic waters. These findings emphasize the need for novel culture methods to grow these organisms. Many species seem to be substrate-specific in their occurrence. Their commensalistic or mutualistic occurrence in marine invertebrates deserves attention.The biomass of Labyrinthulomycetes in the water column may often match or even exceed that of bacteria, although such occurrences seem to be seasonal. There is a major knowledge gap on their productivity and turnover in the water column. The high biomass and production of several degradative enzymes indicate their importance as remineralizers in the ocean. However, the mechanisms by which they overcome bacterial competition are not clear. It is likely that they occupy special niches, such as marine aggregates. One role of the Labyrinthulomycetes suggested in this review, based on preliminary experiments, is that of 'left-over scavenging', following bacterial growth.