Wrecked: all gone in ship (7)
I believe the answer is:
galleon
'ship' is the definition.
(type of ship)
'wrecked all gone' is the wordplay.
'wrecked' indicates an anagram.
'all'+'gone'='allgone'
'allgone' with letters rearranged gives 'GALLEON'.
'in' is the link.
(Other definitions for galleon that I've seen before include "Spanish treasure ship" , "All gone (anag.)" , "Historical warship with three or more masts" , "One might sink" , "Large old sailing vessel" .)