Ship wrecked in lone race (5,5)
I believe the answer is:
ocean liner
'ship' is the definition.
(ocean liner is a kind of ship)
'wrecked in lone race' is the wordplay.
'wrecked' is an anagram indicator.
'in'+'lone'+'race'='inlonerace'
'inlonerace' with letters rearranged gives 'OCEAN LINER'.
(Other definitions for ocean liner that I've seen before include "Cruise ship" , "Craft" , "Queen Mary, for example" .)