A telegram may hold back a ship (5)
I believe the answer is:
cable
'a telegram' is the definition.
(cable is a kind of telegram)
I don't understand the remainder of the clue.
Can you help me to learn more?
(Other definitions for cable that I've seen before include "Liberal Democrat" , "Telegram; wire rope" , "Anchor chain; type of TV" , "Telegraph" , "Wire; message" .)