The clicking sounds are from a particular breed of marine worm that thrives on fibreglass.
Each time they bite a chunk of fibreglass off it goes click.
It is like a countdown watch with each click representing one second less life left in the hull of your boat.
There is a special anti fouling paint that has other worms in it that eat the fibreglass chewing worms and each time they have a poo, the poo replaces the fibreglass that the fibreglass eating worms have chewed off.
I don't know where you buy it though. Every chandlery and paint shop I have been to asking about it say they do not know what I am talking about.
Quite mystical really.
Maybe Van Morrison knows where to get it.