El Hierro Island, located at the Canary Islands Archipelago in the Atlantic coast of North Africa, has been rocked by thousands of tremors and earthquakes since July 2011. Finally, an underwater volcanic eruption started 300m below sea level on October 10, 2011. Since then, regular multidisciplinary monitoring has been carried out in order to quantify the environmental impacts caused by the submarine eruption. Thanks to this natural tracer release, multisensorial satellite imagery obtained from MODIS and MERIS sensors have been processed to monitor the volcano activity and to provide information on the concentration of biological, chemical and physical marine parameters. Specifically, low resolution satellite estimations of optimal diffuse attenuation coefficient (Kd) and chlorophyll-a (Chl-a) concentration under these abnormal conditions have been assessed. These remote sensing data have played a fundamental role during field campaigns guiding the oceanographic vessel to the appropriate sampling areas. In addition, to analyze El Hierro submarine volcano area, WorldView-2 high resolution satellite spectral bands were atmospherically and deglinted processed prior to obtain a high-resolution optimal diffuse attenuation coefficient model. This novel algorithm was developed using a matchup data set with MERIS and MODIS data, in situ transmittances measurements and a seawater radiative transfer model. Multisensor and multitemporal imagery processed from satellite remote sensing sensors have demonstrated to be a powerful tool for monitoring the submarine volcanic activities, such as discolored seawater, floating material and volcanic plume, having shown the capabilities to improve the understanding of submarine volcanic processes.