Abstract: In this paper, we review an acoustic method for measuring both average ocean current speed and sound speed along an acoustic path. The method requires two or more stations on the sea floor, synchronized through a connecting underwater electric cable, that can transmit and receive an acoustic signal and The method is based on reciprocal acoustic transmissions to determine time of flight in both the forward and reverse directions. A specific implementation of this method is proposed. We also consider a novel method for monitoring ocean current perturbations through acoustic phase measurements. In simplest form, a continuous sinusoidal signal is transmitted from one station to a second station. Any variations in ocean current speed will introduce a phase shift in the received signal proportional to the time derivative of the current speed. This effect has been demonstrated through ultrasonic in-air experiments. Finally, the two methods are combined into a single system that continuously measures small-scale ocean current velocity changes.