Not many places for a hot wrench on a boat
But if you're able to get at the nut with a propane torch to heat it up between doses of Kroil or PB. Also, if you can heat it up, touch a paraffin candle to it. the heat will suck the wax into the threads. Again, this trick is typically used on old cars, but don't know of many places you can use it on a boat. I'd probably stick with PB Blaster or Kroil (PB is usually easier to find locally and is nearly as good as Kroil). Another spray that I've never used but is supposed to be even better than Kroil is Chrysler MoPar Manifold Heat Control Valve solvent. Supposed to be able to get it through a Chrysler parts shop.