Pipeline end termination (PLET) installation is an essential part of offshore pipe-laying operation. Pipe-laying operations are sensitive to pipe-laying barge motion and marine environmental conditions. Monitoring the field environment can provide a reasonable basis for planning pipe-laying. Therefore, the measurement and analysis of sea wave motion is helpful for the control and operational safety of the pipeline and vessels. In this study, an environmental monitoring system was established to measure wave motion during PLET operation. Fourier transforms were used to process images that were acquired by ultra-high-frequency X-band marine radar to extract wave parameters. The resulting wave spectra, as measured each minute, were used to simulate real-time wave data and calculate wave characteristics and regressed wave frequency and direction spectrum throughout the PLET operation. The regressed frequency, spectral density, and direction spectra were compared with the theoretical spectra to evaluate their similarity and find the most similar spreading function in the operational area (the South China Sea). Gaussian fitting of real-time wave data was tested while using a classical method. The marginal distribution and joint density of the wave characteristics were estimated and then compared with theoretical distributions to find the most suitable model for improving marine environmental forecasting.