the destruction or loss of a ship, as by sinking.
the remains of a wrecked ship.
destruction or ruin: the shipwreck of one's hopes.
verb (used with object)
to cause to suffer shipwreck.
to destroy; ruin.
verb (used without object)
to suffer shipwreck.

before 1100; Middle English shipwrech remains of a shipwreck; see ship, wreck; replacing Old English scipwræc (see wrack1) Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
shipwreck (ˈʃɪpˌrɛk)
1.  the partial or total destruction of a ship at sea
2.  a wrecked ship or part of such a ship
3.  ruin or destruction: the shipwreck of all my hopes
4.  to wreck or destroy (a ship)
5.  to bring to ruin or destruction
[Old English scipwræc, from ship + wræc something driven by the sea; see wrack²]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

mid-15c., from ship (n.) + wreck. Earlier it meant "things cast up from a shipwreck" (c.1100). The verb is recorded from 1580s. The earlier word for "shipwreck" in the modern sense was M.E. schipbreke, from O.E. scipbryce.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
It is the hefty insulated human that longest survives shipwreck in cold seas,
  for instance.
They were survivors of a shipwreck on a life raft with limited provisions.
Made shipwreck of their hopes, and so they were undone.
These places are introduced as being near the scene of the shipwreck.
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