What does the cryptic crossword clue "Ship in river south of the equator (5)" mean?

The definition is "Ship". The wordplay uses a charade (building blocks). LINE (synonym="equator") + R (abbreviation="river") = LINER; definition: "Ship" The answer is LINER.

Ship in river south of the equator (5)

Guardian Cryptic #25563 | 22 Down | 2012-02-20 flower

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