Cryptic crossword clue
Compass location of container with salt heading east 8

The most common and most likely answer to this crossword clue is the 8 letter word BINNACLE

B
I
N
N
A
C
L
E

Buddy explains!

The straight part
We know that "Compass location" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case compass location = binnacle.
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.

What does BINNACLE mean?

BINNACLE noun
  1. The wooden housing for a ship's compass, with its corrector magnets and illuminating arrangements. The log and other equipment for measuring the ship's speed are also stowed there.
  2. The instrument cluster on a car or motorcycle.

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