The Collaborative International Dictionary of English v.0.48:

Ship \Ship\, v. t. [imp. & p. p. Shipped; p. pr. & vb. n.
   Shipping.]
   1. To put on board of a ship, or vessel of any kind, for
      transportation; to send by water.
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            The timber was . . . shipped in the bay of Attalia,
            from whence it was by sea transported to Pelusium.
                                                  --Knolles.
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   2. By extension, in commercial usage, to commit to any
      conveyance for transportation to a distance; as, to ship
      freight by railroad.
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   3. Hence, to send away; to get rid of. [Colloq.]
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   4. To engage or secure for service on board of a ship; as, to
      ship seamen.
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   5. To receive on board ship; as, to ship a sea.
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   6. To put in its place; as, to ship the tiller or rudder.
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The Collaborative International Dictionary of English v.0.48:

Shipping \Ship"ping\, a.
   1. Relating to ships, their ownership, transfer, or
      employment; as, shiping concerns.
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   2. Relating to, or concerned in, the forwarding of goods; as,
      a shipping clerk.
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The Collaborative International Dictionary of English v.0.48:

Shipping \Ship"ping\, n.
   1. The act of one who, or of that which, ships; as, the
      shipping of flour to Liverpool.
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   2. The collective body of ships in one place, or belonging to
      one port, country, etc.; vessels, generally; tonnage.
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   3. Navigation. "God send 'em good shipping." --Shak.
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   Shipping articles, articles of agreement between the
      captain of a vessel and the seamen on board, in respect to
      the amount of wages, length of time for which they are
      shipping, etc. --Bouvier.

   To take shipping, to embark; to take ship. [Obs.] --John
      vi. 24. --Shak.
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WordNet (r) 3.0 (2006):

shipping
    n 1: the commercial enterprise of moving goods and materials
         [syn: transportation, shipping, transport]
    2: conveyance provided by the ships belonging to one country or
       industry [syn: shipping, cargo ships, merchant marine,
       merchant vessels]