Question: Hispania is possibly a derivation of I-Shipania, a Punic word. What does this translate as?
About the article "Spain", section "Etymology".

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The origin of the word "Hispania" is much disputed and the evidence for the various speculations are based merely upon what are at best mere resemblances, likely to be accidental, and suspect supporting evidence.
One theory holds it to be of Punic derivation, from the Phoenician language of colonizing Carthage.
Specifically, it may derive from a Punic cognate of Hebrew אי-שפניא (i-shfania) meaning "Island of the Hyrax" or "island of the hare" or "island of the rabbit" (Phoenician-Punic and Hebrew are both Canaanite languages and therefore closely related to each other).
Others derive the word from Phoenician span, in the sense of "hidden", and make it indicate "a hidden", that is, "a remote", or "far-distant land".
Another theory, proposed by the etymologist Eric Partridge in his work "Origins", is that it is of Iberian derivation and that it is to be found in the pre-Roman name for Seville, Hispalis, which strongly hints at an ancient name for the country of "*Hispa", an Iberian or Celtic root whose meaning is now lost.
Isidore of Sevilla considered Hispania derived from Hispalis.
"Hispalis" may alternatively derive from Heliopolis (Greek for "city of the sun"); however, the true origin of the name is Phoenician "Spal" "lowland", according to Manuel Pellicer Catalán, rendering this explanation of "Hispania" dubious.
Occasionally Hispania was called Hesperia, "the western land" in Greek, by Roman writers, or "Hesperia ultima", since the name had already been used by the Greeks to indicate the Italian peninsula.
Another theory holds that the name derives from Ezpanna, the Basque word for "border" or "edge", thus meaning the farthest area or place.
During Antiquity and Middle Ages, the literary texts derive the term Hispania from an eponymous hero named Hispan, who is mentioned for the first time in the work of the Roman historian Gnaeus Pompeius Trogus, in the 1st century BC.
Although "Hispania" is the Latin root for the modern name "Spain", substituting "Spanish" for "Hispanicus" or "Hispanic", or "Spain" for "Hispania", though sometimes done by historians in the more general context of a common peninsular history, is anachronistic and can be misleading, since the borders of modern Spain do not coincide with those of the Roman province of Hispania or of the Visigothic Kingdom of the same name which succeeded it, and have always shifted, and so does not even include the territory of present day Portugal.
The Latin term "Hispania" was often used during Antiquity and the High Middle Ages as a geographical name for the Iberian Peninsula, but its modern cognates, "Spain" and "Spanish" have become increasingly associated with the Kingdom of Spain alone, after the union of the central peninsular Kingdom of Castile with the eastern peninsular Kingdom of Aragon in the 15th century under the Catholic Monarchs. 
Hispania is the Latin term given to the Iberian peninsula.
The term can be traced back to at least 200 BC by the poet Quintus Ennius.
The word is possibly derived from the Punic אי שפן "I-Shaphan" meaning "coast of hyraxes", in turn a misidentification on the part of Phoenician explorers of its numerous rabbits as hyraxes.
Ulterior is the comparative form of ulter, which means "that is beyond".
According to ancient historian Cassius Dio, the people of the region came from many different tribes, not sharing a common language nor a common government. 
The origins of the Roman name "Hispania", from which the modern name "España" was derived, are uncertain and are possibly unknown due to the inadequate evidence.
"Hispania" may derive from the poetic use of the term "Hesperia", reflecting the Greek perception of Italy as a "western land" or "land of the setting sun" ("Hesperia", "Ἑσπερία" in Greek) and Spain, being still further west, as "Hesperia ultima".
It may also be a derivation of the Punic "I-Shpania" (אי שפניא), meaning "island of rabbits", "land of rabbits" or "edge", a reference to Spain's location at the end of the Mediterranean; Roman coins struck in the region from the reign of Hadrian show a female figure with a coney at her feet, and Strabo called it the "land of the rabbits".
There is also the claim that "Hispania" derives from the Basque word "Ezpanna" meaning "edge" or "border", another reference to the fact that the Iberian peninsula constitutes the southwest of the European continent.
The Renaissance scholar Antonio de Nebrija proposed that the word "Hispania" evolved from the Iberian word "Hispalis", meaning "city of the western world".
Jesús Luis Cunchillos argues that the root of the term "span" is the Phoenecian word "spy", meaning "to forge metals".
Therefore "i-spn-ya" would mean "the land where metals are forged".
Two 15th century Spanish Jewish scholars, Don Isaac Abrabanel and Shelomó ibn Verga, have given a different explanation as to how Spain derived its name.
Don Isaac Abrabanel was one of the principal persons of Spain’s Jewish community and one of the king’s trusted courtiers who witnessed the expulsion of Jews from Spain in 1492.
Both men wrote in two different published works that the first Jews to reach Spain were brought by ship by Phiros who was confederate with the king of Babylon when he laid siege to Jerusalem.
This man was a Grecian by birth, but who had been given a kingdom in Spain.
He became related by marriage to Espan, the nephew of king Heracles, who also ruled over a kingdom in Spain.
Heracles later renounced his throne in preference for his native Greece, leaving his kingdom to his nephew, Espan, from whom the country of España (Spain) took its name.
Based upon their testimonies, this eponym would have already been in use in Spain by c. 350 BCE.
The significantly divergent later-form of the language that was spoken in the Tyrian Phoenician colony of Carthage is known as Punic; it remained in use there for considerably longer than Phoenician did in Phoenicia itself, arguably surviving into Augustine's time.
It may have even survived the Arabic conquest of North Africa: the geographer al-Bakrī describes a people speaking a language that was not Berber, Latin or Coptic in the city of Sirte in northern Libya, a region where spoken Punic survived well past written use.
However it is likely that Arabization of the Punics was facilitated by their language belonging to the same group (the Semitic languages group) as that of the conquerors, and thus having many grammatical and lexical similarities.
The ancient Lybico-Berber alphabet still in irregular use by modern Berber groups such as the Tuareg is known by the native name "tifinaġ", possibly a derived form of a cognate of the name "Punic".
Still, a direct derivation from the Phoenician-Punic script is debated and far from established, since both writing systems are very different.
As far as language (not the script) is concerned, some borrowings from Punic appear in modern Berber dialects: one interesting example is "agadir" "wall" from Punic "gader".
Perhaps the most interesting case of Punic influence is that of the name of Hispania (the Iberian Peninsula, comprising Portugal and Spain), which according to one theory among many derived from the Punic "Ay-Shapan" meaning "island of hyraxes", in turn a misidentification on the part of Phoenician explorers of its numerous rabbits as hyraxes.
Another case is the name of a tribe of hostile "hairy people" that Hanno the Navigator found in the Gulf of Guinea.
The name given to these people by Hanno the Navigator's interpreters was transmitted from Punic into Greek as "gorillai" and was applied in 1847 by Thomas S. Savage to the Western Gorilla. 
Hispania Citerior ("Nearer Hispania") was a region of Hispania during the Roman Republic, roughly occupying the northeastern coast and the Ebro Valley of what is now Spain.
Hispania Ulterior ("Further Hispania") was located west of Hispania Citerior—that is, farther away from Rome.