The most common and most likely answer to this crossword clue is the 4 letter word ARGO
I've seen this crossword clue in The Times
A
R
G
O
More clues leading to the result ARGO
- Carbon-free load in mythical ship
- Bark associated with golden retriever?
- Shipment out of top vessel
- Old craft has special terminology, but no tips
- Legendary vessel’s slow movement leaving lake
- Old sailing vessel's journey on a river
- Old ship’s slow passage long forgotten
- Since boxing king Jason got away in this
- More than one star which was once used to navigate
- Old ship’s gone around river
Buddy explains!

The straight part
We know that "mythical ship" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case mythical ship = argo.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.