Crossword Genius

Everything having gone wrong, impounded the vessel (7)

Ross

I believe the answer is:

galleon

I'm a little stuck... Click here to teach me more about this clue!

'the vessel' is the definition.
(galleon is a kind of vessel)

'everything having gone wrong impounded' is the wordplay.
I cannot really see how this works, but
'everything' could be 'all' (I've seen this before) and 'all' is found in the answer.
an anagram of 'gone' is 'geon' which is located in the left over letters.
No letters remain.
This may be the basis of clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for galleon that I've seen before include "Large old sailing vessel" , "All gone (anag.)" , "One might sink" , "Spanish treasure ship" , "Large Spanish sailing ship of yore" .)

I've seen this clue in the Evening Standard.
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