The Sea of Okhotsk is a marginal sea that plays a major role in the ventilation of the North Pacific, being the key location where Dense Shelf Water (DSW) forms at the surface and sinks to the intermediate layer. The Okhotsk Sea Intermediate Water (OSIW) is a key water mass because it includes large amounts of DSW, outflows to the North Pacific, and supplies the ocean with the micronutrient iron. OSIW has been warming over the past few decades, which is attributed to a decreasing trend in DSW production. The acquisition of numerous hydrographic data after 2000 in the Kuril Basin, especially dissolved oxygen from profiling floats, offers an opportunity to better quantify the water mass composition of OSIW, and the changes in OSIW properties and DSW volume. Here, we used all available hydrographic records and a mapping technique specially adapted to polar and sub‐polar regions to revisit the Sea of Okhotsk water properties and document their long‐term changes. Our analysis revealed that the volume of heavier DSW (potential density above 26.9 kg.m−3) has decreased over the past three decades by 3,600 km3, or 15% of the volume present before 1990. This decline is nearly entirely compensated for by an increase in lighter DSW. This shift toward lighter DSW is possibly a sign of the weakening of the intermediate overturning circulation starting in the Okhotsk Sea. Additionally, we found that dense Soya Current Water only accounts for about 1% of OSIW, against the 5% previously estimated.