The multichannel analysis of surface waves (MASW) is initially intended as a land survey method to investigate the near-surface materials for their elastic properties. The acquired data are first analyzed for dispersion characteristics and, from these the shear-wave velocity is estimated using an inversion technique. Land applications show the potential of the MASW method to map 2D bedrock surface, zones of low strength, Poisson's ratio, voids, as well as to generate shear-wave profiles for various othe geotechnical problems. An overview is given of several underwater applications of the MASW method to characterize stiffness distribution of water-bottom sediments. The first application details the survey under shallow-water (1-6 m) in the Fraser River (Canada). The second application is an innovative experimental marine seismic survey in the North Atlantic Ocean near oil fields in Grand Bank offshore Newfoundland.