The most common and most likely answer to this crossword clue is the 8 plus 5 letter word OUTBOARD MOTOR
I've seen this crossword clue in The Times
O
U
T
B
O
A
R
D
M
O
T
O
R
More clues leading to the result OUTBOARD MOTOR
Buddy explains!

The straight part
We know that "Propeller of vessel" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case propeller of vessel = outboard motor.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.