Yes. Its very similar. The difference is that with log shipping you need to have 3 agent jobs. On the primary there's one to run log backups. On the secondary there's one to copy the log backup from the primary, and another to restore the log backup (with recovery/standby). The latter IMO is the big advantage with log shipping. You can leave the DB in standby mode and run queries against it. There's even a bit of a hack that will let you run BACKUPs of it.

You can optionally set up a log shipping monitor too to alert you if the log shipping ever breaks or falls seriously behind.