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Capsized vessel understanding submarine threat (6)

Ross

I believe the answer is:

kraken

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'submarine threat' is the definition.
The definition suggests a singular noun which matches the answer.

'capsized vessel understanding' is the wordplay.
'capsized' shows that the letters should be reversed in order (in a down clue, the word turns upside down).
'vessel' becomes 'ark' (ark is a kind of vessel).
'understanding' becomes 'ken' (ken can mean someone's range of knowledge).
'ark' backwards is 'kra'.
'kra'+'ken'='KRAKEN'

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(Other definitions for kraken that I've seen before include "A legendary sea monster of Norwegian myth" , "Sea monster that sleepeth (Tennyson)" , "Mythical sea-monster off Norway's coast" , "Legendary monster of Norwegian seas" , "Mythical sea monster (Norway)" .)

I've seen this clue in The Independent.
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