Shipment comes from ship (verb) plus the French-derived suffix -ment; ship is from Old English scip ('ship'), from Proto-Germanic *skipą. The historical chain includes Old English scip and Proto-Germanic *skipą. The quoted older sense, "ship," supplies the immediate semantic anchor for shipment. The formation is best read as suffixal and borrowed: the word shipment carries its older form-history into a compact English lexical shape. In present English it is used as a noun, "a quantity of goods shipped, or the act of shipping them". Related English forms include ship, shipping, and shipper. The result is a noun whose etymology preserves both the older form and the later English specialization.