You don't 'need' to convert it, but HVDC transmission is emerging as more efficient and cost-effective than conventional HVAC transmission.
So, while AC is still more beneficial for transmission via cables in air/ground, DC appears to have less overall loss for underwater transmission.
The reason underwater links (eg France-UK) were commonly DC is that they linked countries whose grid wasn't synchronised - the same reason long distance grids in the US are DC