That sounds correct to me. In Old English, the word is spelled "scip," pronounced the same as "ship," and quite close to how "skip" is pronounced in Old Norse.

That sounds correct to me. In Old English, the word is spelled "scip," pronounced the same as "ship," and quite close to how "skip" is pronounced in Old Norse. Old Norse and Old English were actually mutually intelligible, BTW, kind of like modern day Swedish and Norwegian.