The simulation was made by Sarthak Pandey.
Have a look at this fantastic ocean water/whitewater simulation created by Sarthak Pandey, a VFX Artist and Founder of the online visual effects and 3D art institute Indian VFX School.
According to the creator, the simulation was set up entirely in Houdini using custom velocities and no collision. Additionally, the artist utilized some "extra steps and meshing tricks" to set up the simulation's lifelike underwater bubbles. You can check out the simulation itself and a brief step-by-step breakdown attached above or by visiting Sarthak's LinkedIn page.
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