Fast boats caught by ripples at sea (8)

I believe the answer is:

clippers

'fast boats' is the definition.

'caught by ripples at sea' is the wordplay.
'caught' becomes 'c' (cricket abbreviation).
'by' says to put letters next to each other.
'at sea' is an anagram indicator.
'ripples' is an anagram of 'lippers'.
'c'+'lippers'='CLIPPERS'

I've seen this clue in The Telegraph.

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