-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TQol57AsmTjHxRoZapO7llLCLYoqMpKfL51a32ozv6kgNAYSf5F65f9vROFA2Pnx
 ps4uQmvCM3UcGwgsayXypQ==

<SEC-DOCUMENT>0000911971-01-500027.txt : 20010804
<SEC-HEADER>0000911971-01-500027.hdr.sgml : 20010804
ACCESSION NUMBER:		0000911971-01-500027
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20010802
FILED AS OF DATE:		20010802

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEEKAY SHIPPING CORP
		CENTRAL INDEX KEY:			0000911971
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		STATE OF INCORPORATION:			C5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12874
		FILM NUMBER:		1696304

	BUSINESS ADDRESS:	
		STREET 1:		TK HOUSE, BAYSIDE EXECUTIVE PARK
		STREET 2:		WEST BAY ST & BLAKE RD, PO BOX AP-59213
		CITY:			NASSAU BAHAMAS
		STATE:			C5
		ZIP:			00000
		BUSINESS PHONE:		8093228020

	MAIL ADDRESS:	
		STREET 1:		TK HOUSE, BAYSIDE EXECUTIVE PARK
		STREET 2:		WEST BAY ST & BLAKE RD, PO BOX AP-59213
		CITY:			NASSAU BAHAMAS
		STATE:			C5
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VIKING STAR SHIPPING INC
		DATE OF NAME CHANGE:	19930914
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k_080201.htm
<TEXT>
<HTML>
<HEAD>
<TITLE> Teekay Shipping Corporation </TITLE>
</HEAD>
<BODY>


<BR><BR>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=5.5>UNITED STATES
<BR>SECURITIES AND EXCHANGE COMMISSION</FONT></H1>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4.5>WASHINGTON, D.C. 20549</FONT></H1><BR>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=5>FORM 6-K</FONT></H1>

<CENTER>Report of Foreign Private Issuer<BR><BR>

Pursuant to Rule 13a-16 or 15d-16 of<BR>
the Securities Exchange Act of 1934<BR><BR>

Date of Report:  August 2, 2001<BR><BR><BR>


<FONT FACE="Times New Roman, Times, Serif" SIZE=5><B>TEEKAY SHIPPING CORPORATION</B></FONT><BR>
(Exact name of Registrant as specified in its charter)<BR><BR><BR>


TK House<BR>
Bayside Executive Park<BR>
West Bay Street &amp; Blake Road <BR>
P.O. Box AP-59213, Nassau, Bahamas<BR>
(Address of principal executive office)<BR><BR><BR>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.] </FONT></P>

Form 20-F&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;Form 40- F
&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR><BR><BR>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Indicate by check mark whether
 the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission
pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.] </FONT></P>

Yes&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
&nbsp;&nbsp;&nbsp;&nbsp;No &nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR><BR><BR>


<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[If &#147;Yes&#148; is marked,
indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82-_______ ] </FONT></P></CENTER>
<BR><BR><BR><BR>




<PAGE>




<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Item 1 - Information Contained in this Form 6-K Report</B><BR><BR>

Attached as Exhibit I is a copy of an announcement of Teekay Shipping Corporation (the "Company"), dated August 1, 2001.<BR><BR><BR>


THIS REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENTS OF THE COMPANY ON FORM F-3 FILED WITH
THE COMMISSION ON OCTOBER 4, 1995 AND ON FORM F-4 FILED WITH THE COMMISSION ON JULY 11, 2001.</FONT></P>




<PAGE>




<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>SIGNATURES</B></FONT></P><BR><BR>



<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.<BR><BR></FONT></P>

<BR><BR>

<pre>

                                             TEEKAY SHIPPING CORPORATION




Date: August 2, 2001                         By:<U>/s/ Peter S. Antturi   </U>
                                             Peter S. Antturi
                                             Vice President and Chief Financial Officer

</pre>


<PAGE>




<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>EXHIBIT I</B></FONT></P><BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=4><B>TEEKAY SHIPPING CORPORATION</B></FONT><BR>
<FONT FACE="Times New Roman, Times, Serif" SIZE=3>TK House,
Bayside Executive Park, West Bay Street &amp; Blake Road <BR>P.O. Box AP-59212,
Nassau, Bahamas</FONT></P>


<HR><H2 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>NEWS RELEASE</FONT></H2><HR>

<BR>


<H2 ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>                             FOR IMMEDIATE RELEASE</FONT></H2>

<BR><BR>

<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>TEEKAY
SECURES LONG-TERM CHARTER CONTRACTS FOR<BR>
FIVE NEWBUILD VESSELS</FONT></H1>
<BR>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>Nassau, The Bahamas --
August 1, 2001</B> &#150; Teekay Shipping Corporation (Teekay) today announced
an agreement for the long-term time-charter of five newbuild vessels to Tosco
Corporation (Tosco), commencing upon their delivery in 2003. The time-charter
contracts are at fixed rates for a minimum of 12 years each, with options to
extend for up to an additional six years. This transaction will provide Teekay
with further long-term stable revenue. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Under this agreement,
Teekay will assume Tosco&#146;s contracts for the construction of three Suezmax
and two Aframax tankers. The aggregate cost of the vessels is approximately US
$250 million. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>&#147;We are delighted to
be able to serve the needs of Tosco, in this case by owning and operating
quality tonnage on their behalf,&#148; said Bjorn Moller, Teekay&#146;s
President &amp; Chief Executive Officer. &#147;Tosco is a long-term strategic
customer and we look forward to further strengthening our relationship with
them.&#148; </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Teekay is a leading
provider of international crude oil and petroleum product transportation through
the world&#146;s largest fleet of medium-size oil tankers. Headquartered in
Nassau, Bahamas, with offices in 11 other countries, Teekay employs over 300
onshore and more than 2,700 seagoing staff around the world. The Company&#146;s
modern fleet has earned a reputation for safety and excellence in providing
transportation services to major oil companies, major oil traders and government
agencies worldwide. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Teekay&#146;s common stock
is listed on the New York Stock Exchange where it trades under the symbol
&#147;TK&#148;. </FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>This release contains
forward-looking statements (as defined in Section 21E of the Securities Exchange
Act of 1934, as amended) regarding the affect of this transaction on the
Company&#146;s future financial performance. Actual results may differ
materially from those expressed or implied by such forward-looking statements.
Factors that could cause actual results to differ materially include, but are
not limited to: non-delivery of one or more of the vessels; early termination of
one or more of the time-charter contracts; and breach of the contracts by any of
the parties. </FONT></P>

<BR><BR>

<CENTER><P><FONT FACE="Times New Roman, Times, Serif" SIZE=3>For Investor Relations enquiries contact:<BR>
Geoff Dzikowski<BR>
Tel:     + 1 (604) 844 6616<BR>
Fax:     + 1 (604) 681 3011<BR>
email: <U>geoff.dzikowski@teekay.com</U>

<BR><BR><BR>

For Media enquiries contact:<BR>
Kim Barbero<BR>
Tel:     + 1 (604) 609 4703<BR>
Fax:     + 1 (604) 844 6600<BR>
email: <U>kim.barbero@teekay.com</U></FONT></P></CENTER>


<BR>

                                          <CENTER>Web Site: <U>www.teekay.com</U><BR><BR><BR><BR>



                                                      - end -</CENTER>

</body>
</html>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
