This study examines advanced electrospark alloying (ESA) as a pulse-driven surface hardening technique for marine engineering components operating in corrosive and abrasive environments. Coatings were deposited using cobalt-based (Stellite 6), nickel-based (NiCrBSi), titanium-based (VT1-0), and boron-based (B4C) electrodes, with pulse energies of 0.2–0.5 J, discharge frequencies of 100–200 Hz, electrode feed rates of 5–8 mm/min, applied loads of 15–20 N, and treatment durations of 40–60 s. The effects of processing parameters on coating microstructure, adhesion strength, microhardness, corrosion resistance, and wear behaviour were systematically evaluated. ESA treatments increased microhardness by 35–48% and adhesion strength by 22–30%, while reducing the corrosion rate from 0.043 mm/year to 0.025–0.027 mm/year and lowering wear volume loss by 40–47%. Compared with high-velocity oxy-fuel (HVOF) spraying and laser hardening, ESA achieved 37–58% lower energy consumption and 40–70% lower CO2 emissions. These findings highlight ESA as an energy-efficient and environmentally sustainable option for on-site maintenance and modernisation of maritime equipment.