Band right for ship (5)
I believe the answer is:
liner
'ship' is the definition.
(liner is a kind of ship)
'band right' is the wordplay.
'band' becomes 'line' (**).
'right' becomes 'r' (common abbreviation).
'line'+'r'='LINER'
'for' acts as a link.
(Other definitions for liner that I've seen before include "eg QE2" , "Passenger ship - bin bag" , "Seagoing vessel - goes with bin, eye or hard" , "Removable inner skin or large passenger ship" , "Cosmetic; fine paintbrush" .)