Cryptic crossword clue
Ships carrying right pennants

The most common and most likely answer to this crossword clue is the 9 letter word STREAMERS

I've seen this crossword clue in The Guardian
S
T
R
E
A
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Buddy explains!

The straight part
We know that "pennants" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case pennants = streamers.
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 STREAMERS mean?

STREAMERS noun
  1. A long, narrow flag, or piece of material used or seen as a decoration.
  2. Strips of paper or other material used as confetti.
  3. A newspaper headline that runs along the top of a page.
  4. (heading) In computing.
  5. In fly fishing, a variety of wet fly designed to mimic a minnow.
  6. One who searches for stream tin.
  7. A stream or column of light shooting upward from the horizon, constituting one of the forms of the aurora borealis.

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