A crippled vessel returned after circumnavigating a country (9)

I believe the answer is:

guatemala

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'country' is the definition.
(Guatemala is an example)

I don't understand the rest of the clue.

(Other definitions for guatemala that I've seen before include "Spanish-speaking country in Central America" , "Central American state" , "Central American country" , "Latin American place" , "place overseas" .)

I've seen this clue in The Telegraph.

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