ship vs despatch

ship and despatch both are nouns.

Word	Noun	Adjective	Verb	Adverb
ship	Yes	No	Yes	No
despatch	Yes	No	Yes	No

As verbs, despatch is a hyponym of ship; that is, despatch is a word with a more specific, narrower meaning than ship:

Other hyponyms of ship include barge, railroad, dispatch, send off, forward, send on.

ship (noun)	despatch (noun)
a vessel that carries passengers or freight	the act of sending off something
	killing a person or animal
	the property of being prompt and efficient
	an official report (usually sent in haste)

ship (verb)	despatch (verb)
place on board a ship	send away towards a designated goal
transport commercially
go on board
travel by ship
hire for work on a ship