an act or instance of shipping freight or cargo.
a quantity of freight or cargo shipped at one time.
something that is shipped.

1790–1800; ship + -ment

misshipment, noun
overshipment, noun
preshipment, noun
supershipment, noun

3. consignment. See freight. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
shipment (ˈʃɪpmənt)
1.  a.  goods shipped together as part of the same lot: a shipment of grain
 b.  (as modifier): a shipment schedule
2.  the act of shipping cargo

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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Example sentences
Sometimes the wagons are sent for provisions, and the beef-steers are at stated
  times driven off for shipment.
In fact the amount that could be stored was exactly what could be sent in one
Both fruits are generally sprayed with pesticides to prevent insect infestation
  and usually washed before shipment.
Helium is used to maintain pressure in the fuel tanks when the vehicles are
  prepared for overseas air or sea shipment.
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