Underwater acoustic communication has multipath error because of reflection by sea-level and sea-bottom. The multipath of underwater channel causes signal distortion and error floor. In order to improve the performance, it is necessary to employ an iterative coding scheme. Among the iterative coding scheme, turbo codes and LDPC codes are dominant channel coding schemes in recent. This paper concluded that turbo coding scheme is optimal for underwater communications system in aspect to performance, coded word length, and equalizer combining. Also, decision directed phase recovery was used for correcting phase offset induced by multipath. Based on these algorithms, we confirmed the performance in the environment of oceanic experimentation.