"small fore and aft rigged vessel with one mast, generally carrying a jib, fore-stay sail, mainsail, and gaff-topsail," 1620s, from Dutch sloep "a sloop;" probably from French chaloupe, from Old French chalupe "small, sloop-rigged vessel," which is perhaps related to English shallop [OED]. But according to Barnhart and Watkins the Dutch word might simply be from Middle Dutch slupen "to glide," from PIE root *sleubh-. In old military use, a small ship of war carrying guns on the upper deck only (1670s).
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<a href="https://www.etymonline.com/word/shallop">Etymology of shallop by etymonline</a>
Harper, D. (n.d.). Etymology of shallop. Online Etymology Dictionary. Retrieved $(datetime), from https://www.etymonline.com/word/shallop