User blog comment:Angren Túrë/Fleet Status Update 8/28/13/@comment-13616152-20130828184452/@comment-4830106-20130828200012

It's more or less assumed that particular ship is Retired, meaning a peaceful breakup with no shipping in the future.

Salvaged is when the relationship ends permanently, though not as a result of a breakup. Example: Someone dies.

Lost is when the breakup is ugly, or the ship went down before it happened. Crew Recovered means that they become friends again. Lost with All Hands means there is no healing.