-----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,
 RrMifGc4/jmi/q7JimzPGn+8h/IyI3/xYM4gCu/II1mq9OdmsgATM3Hcoxp8BEVX
 2enNm9+5kjDhkFatiD8Elw==

<SEC-DOCUMENT>0000911971-03-000075.txt : 20031210
<SEC-HEADER>0000911971-03-000075.hdr.sgml : 20031210
<ACCEPTANCE-DATETIME>20031209202224
ACCESSION NUMBER:		0000911971-03-000075
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20031209
FILED AS OF DATE:		20031210

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TEEKAY SHIPPING CORP
		CENTRAL INDEX KEY:			0000911971
		STANDARD INDUSTRIAL CLASSIFICATION:	DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT [4412]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			1T
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-12874
		FILM NUMBER:		031045798

	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:		SUITE 2000,  BENTALL 5
		STREET 2:		550 BURRARD STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6C 2K2

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VIKING STAR SHIPPING INC
		DATE OF NAME CHANGE:	19930914
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k_120903.htm
<DESCRIPTION>FORM 6K DATED DECEMBER 9, 2003
<TEXT>

<HTML>
<HEAD>
<TITLE>TEEKAY SHIPPING CORPORATION</TITLE>
</HEAD>
<BODY>
<H1 ALIGN=CENTER>
<FONT FACE="Times New Roman, Times, Serif" SIZE=5>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</FONT></H1>

<H1 ALIGN=CENTER>
<FONT FACE="Times New Roman, Times, Serif" SIZE=3><u><B>WASHINGTON, D.C. 20549</B></u>
</FONT>
</H1>

<BR>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>FORM 6-K</FONT></H1>

<P ALIGN=CENTER>Report of Foreign Private Issuer</P>
<P ALIGN=CENTER>Pursuant to Rule 13a-16 or 15d-16 of<BR>
the Securities Exchange Act of 1934</P>

<hr width=15% size=1 noshade>

                                   <P ALIGN=CENTER>Date of report:  December 9, 2003<BR>
<BR>
                                            <FONT SIZE=4><B>TEEKAY SHIPPING CORPORATION</B></FONT><BR>
                              (Exact name of Registrant as specified in its charter)<BR>
<BR>
                                                     TK House<BR>
                                              Bayside Executive Park<BR>
                                           West Bay Street &amp; Blake Road<BR>
                                        P.O. Box AP-59212, Nassau, Bahamas<BR>
                                      (Address of principal executive office)<BR></P>

<hr width=15% size=1 noshade>

<P>&nbsp;&nbsp;&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.]</P>

<P ALIGN=CENTER>Form 20-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Form 40- F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>]</P>

<P ALIGN=CENTER>Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(7):<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>]</P>

<P ALIGN=CENTER>Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P>&nbsp;&nbsp;&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.]</P>

<P ALIGN=CENTER>Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></P>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule
12g3-2(b):82-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>]</P>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<P><B>Item 1 - Information Contained in this Form 6-K Report</B></P>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
<TD WIDTH=5% ALIGN=CENTER></TD>
<TD WIDTH=95%>Attached as Exhibit I is a copy of an announcement of Teekay Shipping Corporation (the &#147;Company&#148;), dated
December 9, 2003.</TD>
</TR>
</TABLE>
<BR>
<BR>
<P><B>THIS REPORT ON FORM 6-K IS HEREBY  INCORPORATED  BY REFERENCE  INTO THE FOLLOWING  REGISTRATION  STATEMENTS OF THE
COMPANY.</B></P>
<P><B>&#149;        REGISTRATION STATEMENT ON FORM F-3 (NO. 33-97746) FILED WITH THE SEC ON OCTOBER 4, 1995;<BR>
&#149;        REGISTRATION STATEMENT ON FORM S-8 (NO. 333-42434) FILED WITH THE SEC ON JULY 28, 2000; AND<BR>
&#149;        REGISTRATION STATEMENT ON FORM F-3 (NO. 333-102594) FILED WITH THE SEC ON JANUARY 17, 2003.</B></P>

<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=3>SIGNATURES</FONT></H1>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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.
</P>


<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
<TD WIDTH=45% VALIGN=MIDDLE>
Date:    December 9, 2003</TD>

<TD WIDTH=55% VALIGN=TOP>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TEEKAY SHIPPING CORPORATION
<BR>
<BR>
<BR>
<BR>
By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>/s/ Peter Evensen&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Peter Evensen<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Senior Vice President and Chief Financial Officer<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Principal Financial and Accounting Officer)<BR>
</TD>
</TR>
</TABLE>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=3><B>EXHIBIT I</B></FONT></P><BR>


<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="700">
<TR VALIGN="TOP">
     <TD WIDTH="25%"><IMG SRC="tk-logo.jpg"></TD>
     <TD WIDTH="75%"><FONT FACE="Times New Roman, Times, Serif" SIZE="3"> <B>TEEKAY SHIPPING CORPORATION<BR>
TK House, Bayside Executive Park, West Bay Street &amp; Blake Road<BR>
P.O.
Box AP-59212, Nassau, Bahamas</B></FONT></TD></TR>
</TABLE>


<BR>
<BR>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Default" -->
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=4>PRESS RELEASE </FONT></H1>

<!-- MARKER FORMAT-SHEET="Page Rule Single" FSL="Default" -->
     <HR ALIGN=LEFT WIDTH=100% SIZE=2 NOSHADE>

<!-- MARKER FORMAT-SHEET="Para Large Indent Lv 0-TNR" FSL="Default" -->
<H1 ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=3>
AMENDED IMO REGULATIONS POSITIVE FOR TEEKAY; <BR>
WILL TAKE NON-CASH CHARGE IN FOURTH QUARTER </FONT></H1>


<!-- MARKER FORMAT-SHEET="Page Rule Single" FSL="Default" -->
     <HR ALIGN=LEFT WIDTH=100% SIZE=1 NOSHADE>


<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Nassau, The Bahamas, December 9, 2003
&#150; The International Maritime Organization (IMO), a body of the United Nations, today
announced stricter regulations governing the tanker industry on a worldwide basis. The IMO
regulations, scheduled to become effective April 5, 2005, will accelerate the mandatory
phase-out of single-hull tankers as well as impose a more rigorous inspection regime for
older tankers. The regulations will ban the oldest single-hull tankers, representing
approximately 12 percent of the current world tanker fleet, from worldwide trading by the
end of 2005. It is expected that a further 25 percent of the existing world tanker fleet
will be excluded from the majority of the oil tanker trades by 2010. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Based on information provided by the
IMO, 19 of Teekay Shipping Corporation&#146;s (Teekay) total fleet of 149 vessels will be
affected by the IMO accelerated phase-out schedule, effectively reducing the economic life
of each of these vessels. As a result of these regulations, the Company expects to take a
non-cash write-down to the book value of certain vessels totaling approximately $50 to $60
million in the fourth quarter of 2003, representing approximately 1.5 percent of the
Company&#146;s total assets. The Company will be reviewing the depreciation policy of its
non double-hull vessels to reflect the new regulations. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Bjorn Moller, Teekay&#146;s President
and Chief Executive Officer, commented, &#147;We view the amended IMO rules as very
positive news for Teekay as one of the world&#146;s largest operators of high-quality
modern tonnage. The accelerated phase-out of 12 percent of the world tanker fleet over the
next two years coupled with the forecasted increase in global oil demand should offset the
current tanker orderbook. As a result, we expect the current tight balance between tanker
supply and demand to continue during this period. These regulations should also lead to
increasingly difficult trading conditions for single-hull tankers from 2010, if not
sooner. It is therefore appropriate to take a write-down due to the likely discrimination
against single-hull vessels.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The table below compares the
composition of Teekay&#146;s fleet with the world tanker fleet as of December 1, 2003.
Over 83% of Teekay&#146;s fleet is either double-hull or double-bottom/sided which are
unaffected by the IMO accelerated phase-out schedule, compared to approximately 68% of the
current world tanker fleet. </FONT></P>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=600 ALIGN=CENTER>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD COLSPAN=2 ALIGN=LEFT VALIGN=TOP><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Vessel Category / Age</FONT> </TD>
     <TD COLSPAN=2 ALIGN=CENTER VALIGN=TOP><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Percentage of the <BR>
Teekay Fleet </font><FONT FACE="Times New Roman, Times, Serif" SIZE="1"> (1) </FONT> </TD>
     <TD COLSPAN=2 ALIGN=CENTER VALIGN=TOP><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Percentage of the World<BR>
Tanker Fleet </font><FONT FACE="Times New Roman, Times, Serif" SIZE="1"> (1) (2) </FONT> </TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=30% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Double-hull </FONT> </TD>
     <TD WIDTH=4% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD>
     <TD WIDTH=18% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">76.2% </FONT> </TD>
        <TD WIDTH=15% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD>
     <TD WIDTH=18% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">58.6% </FONT> </TD>
        <TD WIDTH=15% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR>
      <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Double-bottom/sides </FONT> </TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">7.2% </FONT> </TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">9.0% </FONT> </TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Single-hull (0-15 yrs) </FONT> </TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">16.1% </FONT> </TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">16.1% </FONT> </TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Single-hull (> 15 yrs) </FONT> </TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">0.5% </FONT> </TD>
        <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">16.3% </FONT> </TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp; </FONT> </TD></TR>
<TR>
     <TD COLSPAN=6><HR NOSHADE COLOR=Black SIZE=1></TD></TR>
<TR>
     <TD COLSPAN=6>
<!-- MARKER FORMAT-SHEET="Para (List) Flush Lv 0- TNR" FSL="Default" -->
<FONT FACE="Times New Roman, Times, Serif" SIZE=1>
(1)&nbsp;&nbsp;&nbsp;&nbsp;Based on total deadweight tons (excluding newbuildings on order)<BR>
(2)&nbsp;&nbsp;&nbsp;&nbsp;Source: Clarkson Research Studies </FONT></TD></TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Workstation" -->
<A NAME=A003></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>About Teekay </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Teekay is the leading provider of
international crude oil and petroleum product transportation services, transporting more
than 10 percent of the world&#146;s sea-borne oil. With offices in 12 countries, Teekay
employs more than 4,200 seagoing and shore-based staff around the world. The Company has
earned a reputation for safety and excellence in providing transportation services to
major oil companies, oil traders and government agencies worldwide. Teekay&#146;s common
stock is listed on the New York Stock Exchange where it trades under the symbol
&#147;TK&#148;. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Workstation" -->
<A NAME=A004></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Forward-Looking
Statements </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>This press release contains certain
forward-looking statements (as such term is defined in Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended)
concerning future events and the impact of the amended International Maritime Organization
(&#147;IMO&#148;) regulations on the tanker industry and on the Company&#146;s fleet,
operations, performance and financial condition, including, in particular, statements
regarding: the anticipated reduction in the economic life of certain Teekay vessels
subject to the IMO regulations; the percentage of the world tanker fleet that will be
affected by the accelerated phase-out schedule, the discrimination of single-hull tankers,
the anticipated write-down of the book value of Teekay&#146;s fleet resulting from the IMO
regulations; the effect of the regulations on tanker supply and demand; and the forecasted
increase in global oil demand. These statements involve known and unknown risks and are
based upon a number of assumptions and estimates that are inherently subject to
significant uncertainties and contingencies, many of which are beyond the control of the
Company. Actual results may differ materially from those expressed or implied by such
forward-looking statements. Important factors that could cause actual results to differ
materially include, but are not limited to: the failure of the IMO and/or certain
countries to implement the regulations by the intended date or at all; the number of flag
and port states that will permit the continued operation of single-hull tankers beyond
2010; changes in production of or demand for oil and petroleum products, either generally
or in particular regions; greater or less than anticipated levels of tanker newbuilding
orders or greater or less than anticipated rates of tanker scrapping; environmental and
other regulations; and other factors detailed from time to time in the Company&#146;s
periodic reports, including its Form 20-F for the year ended December 31, 2002, filed with
the U.S. Securities and Exchange Commission. The Company expressly disclaims any
obligation or undertaking to release publicly any updates or revisions to any
forward-looking statements contained herein to reflect any change in the Company&#146;s
expectations with respect thereto or any change in events, conditions or circumstances on
which any such statement is based. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<A NAME=A007></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For Investor Relations
enquiries contact:<BR>
Scott Gayton<BR>
Tel: +1 (604) 844-6654 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<A NAME=A010></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>For Media enquiries contact: <BR>
Kim Barbero <BR>
Tel: +1 (604) 609-4703 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Center Underline" FSL="Default" -->
<A NAME=A013></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Web site:
<u>www.teekay.com</U> </FONT></P>


</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>tk-logo.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 tk-logo.jpg
M_]C_X``02D9)1@`!`@``9`!D``#_[``11'5C:WD``0`$````9```_^X`#D%D
M;V)E`&3``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$!`0$"`0$"
M`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#
M`P,#`P,#`P,#_\``$0@`5`"%`P$1``(1`0,1`?_$`-,``0`!!`,!`0``````
M```````'!@D*"P0%"`,"`0$``@,!`0$!`0``````````"`D&!PH%!`,"`1``
M``0$`P,&"08,!P$``````0(#!``%!@<1$P@A$A0Q(A46%PE!4=$C4^1EI1@R
MDR2V=SEAD;(S<]0EE5<X&0IQ0E)B<F,F>!$``0($`P,%!1,)!P4!`````0(#
M`!$$!1(&!R$3"#%!(A06,B,5&`E1L='2,Y-4=)3D5:7E9J879S@986)RLG,D
M-#960I)#L\0E-7%24X-U-__:``P#`0`"$0,1`#\`M*TY3W3YW9.,X3A2I&QX
M?/W\T5`PPST=W=W/PXXQ8%K-K#]4=+05/@[PAUYQU,NL;C!N@V9SW+V+%CY)
M)E+GGLTYP6\&WC?7/,%N[1]GO`3%(YB\']?W_6EOIPRZ[1;K!N)SFYBQ2DG#
MMJGLX]L^[O7HT+XZ'S;^,/>,3[_!3^TOZ/?+D.SCVS[N]>AXZ'S;^,/>,/P4
M_M+^CWRY#LX]L^[O7H>.A\V_C#WC#\%/[2_H]\N0[./;/N[UZ'CH?-OXP]XP
M_!3^TOZ/?+D.SCVS[N]>AXZ'S;^,/>,/P4_M+^CWRY#LX]L^[O7H>.A\V_C#
MWC#\%/[2_H]\N0[./;/N[UZ'CH?-OXP]XP_!3^TOZ/?+D.SCVS[N]>AXZ'S;
M^,/>,/P4_M+^CWRY'X4MX1),ZJL[*FFF0QU#FEX%*0A`$QC&$7V`%*`8C'T4
MG&+55]4W0T65UNUCSB4(0FO*E+6HA*4I`H9E2B0`!RDQYUW\C5:[!:JF^7O5
M-FDLU&PX^^\[8`AIEEI)6XXXM5]"4H0A)4I1(``),>A]%VFB07ZN'4U37,G;
MFE-,5A9%VFZB;AE`K1:74*R="C*Z2D&:L4BU?W0FZ9)/)&9#F<*+K**ID5X<
MQ!DYF?-ETLU@I6T4R$YWN02U3TJ5[Y*:A207"7,",;-,"5N.8$I(2.YQ`Q3_
M`$&4\O5V;+@W;:]ZKT]MCSBU5[C'5''Z1"REE?5B\]N'JL!(0QOG%(*B,2B@
MQUNI>^]2ZQ[RS:O7$N;T+;^G)3+*%M!;B6%S:=M3:BED0EM#6_D+9,6S;]G2
MM,%7BR94BN7JBRVX0%")EUGG'/MBX>LKTE&MHW3,]<\IUU.]#3C[BNE453J\
M#I2G&0AL%"B=B03@6H2LX8^%/.?&]G6YO4U;V<T_LU,A!K#2FK:94=E+04[`
M?I0ZZ6PIUXAY(:0,:Q-UE"X-[./;/N[UZ-3^.A\V_C#WC$Y?P4_M+^CWRY#L
MX]L^[O7H>.A\V_C#WC#\%/[2_H]\N0[./;/N[UZ'CH?-OXP]XP_!3^TOZ/?+
MD5MI_P!-M?ZF[\458"T:'3M4UE."2_I%5N="4R"6-2F<U#4\Z534<"WD--2Q
M)5PX4#$Z@)Y:13JG3(>35LU"=1IZ,^YOH?!*%M;Q-/OM\X4*EN4DEIF3KTQ)
MO"<`4DK4#C"*G]5-'\OY1UGK-)--\P=JJ>A?ZN[<!1BB8-0W,50:0FKK=XQ3
M$%!?WJ0ZM*PV@H#;CN?3_3$TX?`I\"'1/_B.@\_KQT>RZW]JN7Q';)F?)ZV=
M,^=R\S)Z/_9N/!>:B$WUHYE[>]OL?[]O);J9W>XY.K?L\.R<IX^^]WMB1'U<
M9?[%=B</[G@GO)#'ON7K'Z>+;*<L/>^XV1KV[<_GIK^B:?EKQL[C,_XRP?MZ
MO]1B)=>1;_F;4#VA:?\`-KXE.(%Q?M"$(0A"$(0A"$(0A"$(IL9155R:RI>T
MENY.^J2L:UGTIIN3R25IYSZ;3R=/464JD[8H"!0.NY6**AC"!"%P$Q@*!L)L
M\,VF=);:-W5W-R0U1,(6:,."02E((=JR#S`3;9_+C6!ZDJ*,O*E\5U57U2.%
M/3&H+M6^MI5\<9,R5*4E=-:DJ!V$G"_6@<Q88*OXEN/8>K^K:;LY15,]W38B
M=MY[3]N*DZT:GKC2@Q"L[T:EDVW`3EFT?$23=O+8V32!2329(X)HN'B3EZ9$
MZN2X/(.CN]);:&NUHSO-BGZL11LJVK8HYS;2E),NM5BBE2A.8Q(;Q)3B`JAR
MUI_F/4G.-HX>=+FQ5WNLK4IJ'1,-N54N_/.K"2I-'0-A94J1DE#C@0I>'%Y0
ME4M0E+%%DW#FIEQ44PP,LL8`S%C\O..;\08!R!%:F?<ZW;4'-%3F>[GOKRI-
MMSFEEE).[91R=%`.TR&)14LC$HQUBZ`Z(Y2X>M++9I?E!`-)1-8JA\I"7*RL
M6`:FK=VDXWECHI*E!II+;*#NVD`=A&'1N:$(11M7STTN;%8,Q$9B^#<(!,1.
MBB81(*A0#$<U4W-(`;<<1\`8R6X<=).W68.TU\;GE.VN`D*'1J*@24EK;L+:
M`0X]R@C`W(APE-9/E)>+WZA]/OJRR-4E&K69*902MM1"[=;U%3;M7,;4OOD+
MIZ21!2H/5`4%,(2YFS=RKW<Y='=D^UJY\AX349>N4LGL];S!N*<RMO;];AYC
M(K>`DL&<PG+I8I'\\+@F?B\AJH7%B4YLXUNU(.<[YX(M;D\MT*R$$'HO.B84
M]LV%([AKEZ.)8/?)"F'1_3\93L_A6Y(EF"L0"H$;6FC(I:_(H]TYR=+"DCH3
M-[>-'1N2-6#;G\]-?T33\M>)+\9G_&6#]O5_J,1OKR+?\S:@>T+3_FU\2G$"
MXOVA"$(0A"$(0A"$(0BGZCG9))+SJ@)1=K8I,TAV[RF'.5,7E%-$!Q'QC@'A
MC;NB^F%5J?FYNWN!:<O4TG:QP;)-SV-)5R!QXC`GG"0MP`ALB(?<:W%%:^%W
M2"HS#3+9<U$N>.EL],N2L=24].J<;G,TU$E0==V85N%FG*D%]*A[0M:O\">G
M0=1LV,"&K75%3$ZD6F:7."`$YL]9&<$>R6NM2*H*%,ZE=5U[YZ24<L&0H5F+
MZ8)'53,0`L0JJ.FS?>F\FVUM+>1;(IL500)-O/MA)8H4@;"TP`ERH3M$PVV0
M"#'+8Y>;G::6IS[?ZAVIU!OZWG&W75%3R4/J4:BO<49JWU0M2DLJ,B07'`2"
M(\-T?(C2]L:8O"B,P?%WQS,1410..^!3"/.!58><?';R`.T!B%_$GJT,ZW_L
MG8G<65K:X05)/1J*D32IR?(IMKI-M$;"2XL%25H(Z#_)H<(IT2T_^MK/=*6]
M5,RTR2AMP=\M]L64N-4Y!$VZBJ(14522<2`FG84EMQIX*K2(Q1:+"$(Z^:S)
M"4L5GK@>:F7`A,0`RRQMB:)/]QS?B#$>0!C,,AY*NVH&:*;+%G'?GE36N1*6
M6D[7'5_FH'()C$LI0.DI(.F]?-;<I</>EESU0SBL=2HFL+#`4$N5E6X"*>D9
MG,EQY8VD!0::2Z^L;MI9%ZCN*N[S<:B+J&UBWEDW$6GM/4*8VYDTR:[S*X%T
MI:8J[>8%25`2N:8ML<J2YPPRW,U,W3`QRMW:0SKU2S%:=+\F4VE>3.]/JI\+
MB@>FVRJ96I9'^-5**BH\R2L@)Q(ERYVFX9NX@=4KGKKJ:YUBNJJPNI!!W9<2
M`EEEI))PTU$TEMII,SW"`5**7)YJ<1!B0$(0C5B2"15_(3N3I4'5#CB2I%,"
ME/SHN[E"<0$-UEMQWXL$U9TQR_JS3T5/<+F:1-$MU22V6U8MZ$`@XCLE@$I>
M;&BN$?BSSCPD7&^7'+MAIKNN^,TK:Q4J?:#0I5/*24;H&95OB#/DPB7/%2Y]
MQOX=5'^XI[^I1I3Q1\E_U!4_W6/31-S\8[5K^A;-[HK/2PS[C?PZJ/\`<4]_
M4H>*/DO^H*G^ZQZ:'XQVK7]"V;W16>ECBRBI9B]G*DGF,KZ.<(%7!PBL5=)T
MW60P`R*R"Y"'24*;8(&`!`8UQJ[P\6/3C)2LU6ZY5-6Z*AIL(6AL((<)$\23
M/9+9S1)W@]\HSG?B5UJ9TKO^6K9:Z)RWU507F'ZA;@53I2H(P.`)DJ<C/:.:
M*UB*$6V0A"$(1'TKJ:J9YG]"TF]G'"Y7$]%LYC,.'S\S)S^$06R<[)/N[V&]
MNCAR#$_'>#_*3$M_?:M$^3$VR)RY93,<^+?EE=4WI[G)%D7+EE4UAE_UDF/4
M6F2PS"O:FJ^^FIB3U#2VF'3U*&-87/WV[J2S&NIDY<J(4#8^BU7Q&ZSFK+L5
M$APAU4L.`EB;QX=1($$\=I63+UJTIRNQD7(+B:G-5S?6$O+PJ5BEWVK>P;$M
M4K4L".0JP)`4I:R8+:W:X9TXJ-2W]5]56Q198ME(VVU1LE888:3,MTE/O#B4
M]5OE2WG3TCB424MMM(3$=T[L5KJDO-5E[+A\,BI-GJ*$EIV6I\/35(TW*$$V
M%(T!2<OV)RZDZ+D2"#1JB4,1(D!E!.JHJ<VO]<L^4.DV26=.<J.'M'6LJWCL
M^^MM+)WU2M7+OZE>,)/*D8UIPX&YRJ\G7PO5G$7JF[KGJ/3!6F67JM&X94GO
M-;7M!*F*1"3L-)0H+;SX(*5JW#*@XEU_#\HKQCI-A"$!$"@)C"`%`!$1$<``
M`VB(B.P``(_IMMQUQ+322IU1```F23L``&TDG8`.6/QJ*ABD87552T-TS:"M
M:UD)2A*02I2E$@)2D`DDD``$DRB4M'^EBO-?>I6DK'T/Q+"F4U!GE?U>FAG-
M**M_+735*HJJ<D/YI5\L+E-G+$#8`X?N4$S"0AE#DL;T^RU;>'O31W,V8$)5
MG*O2G$@RQ!9!+-(DCD2C:X^1_:"S-00W'+]QF\1-TXRM<6\I9,><3H]E]QQN
MD4,00_(A-3='$'E4\0&J-*@"AC=]%M;U1/8JVEM50ECK:43:.V4A:TU0=OZ?
M8TW34G:E#!!BR)@=P[6P!1]-9DZ.HZ>NE=Y=V[6475,910QABA=[M7WVYOWB
MZ.%VOJ'"M:CSD\P',E(DE*1L2D!(D`(^BUVRBLMN9M5N0&Z)AL(0D<P'.?-4
M3,J4=JE$D[28D2/.C[X0A"$(0A"$(UPVN_[Q[6!]O=U_K(\B4NKOW8[7^A;_
M`#H]GR<OW]*KVC>/.3$&Q7['2O"$(0A&1-_;`&*0NN,QC`4I0TU&,8P@4I2E
M#4`(F,(X````;1BQ3BEV^`@.7]]_TD<=_#=L\-$\G[I_JHM^=\AW@;G7!?UO
M:"ULY!SIVLI.9BSIMZR5$\OKZM$RGEM1W*6,D;)>2END"C"0B.\'!&5<$,49
M@=,OJY1MUIT)TZJ<^9J3_O\`4M)[T2`N:MK%(B>T+6>F]('"$DJ!#,SE.7LF
MYMXMM;;;HYI^96H/*4[4X5*:88;(%5<'L,@6VDG=L`E.]<6VTE074`1;29,T
M)>U09MB;B*!`(0/"/A,<X@`8G.81$P^$1BO3,^9+KF^_568[VYO+E5NE:CS#
MF2A`VR0A("$)GL2D"9CJITOTURGH_D&UZ;9(I^KY:M-*EEI)D5K.U3CSJ@!C
M>?<*WGER&-Q:E2`,ARH\&,^A"$477+MZVE`$:E$$7*N0\7*/.32$N)4\`V@5
M<0$!-R8!N_YHDSPKY?RS>]0E5%\6%7*AI]_2,J'1<="I*<F=A4P"%H1*94K>
MB6Y,5A^59U!U.R1P[M6[(K*V\LWRX=1N]:VKOC%,MLJ;I@D#$ENO6%-//S"0
MA'5E`]<$LV[N'+'6.MUH@I6Y]L9LUJVN[SNG<VN]5)VQ&TRE534^]>2I*V@-
M3"=U+Y50R>\"8*&'CUG:DP)@@Z033S37V^WVY9Z=M=T06:"B`33MSFE2%@*W
MT^0J=YY=P$AL])"B::=$K+9;?DQJY6U8=K:PE3ZY2*5I)3N9<H2WS3[HJ*QT
M5)`O8QH^-Q0A"$(0A"$(0A"-<-KO^\>U@?;W=?ZR/(E+J[]V.U_H6_SH]GR<
MOW]*KVC>/.3$&Q7['2O"$(0A%;Z>M9M;Z;M.VJVR]N"O)54NJ52T=.S6M&;@
MR#BG[?T4WNH6LY1+!153<I3JL>N[-D5<`,1*7\:7`JRB*A+DLRY-MV8<PVJ_
MW8H-%:!4.!"I85.N;@MK43LP-!I2R#+I8#W(4#Q!Y:S1<K/9KCE^SH<-PNRZ
M=H*0"5X$[X*0@)Z16Z74H$@>CB`&(I(A^E)"$F8[ZQ0X]V!3N1V"*1=HIMP'
M_K`>=ARF\8`$5S:^ZKKU)S2::V+5V3MZE(IQR!U7(Y4$?GRDW/:EH#8E2UB.
MH+R?W"6SPT:5BY9F91];686VG[BK8I5(V`5,6Y"N;<!154E'1<JE*&)QMEA0
MJF-#1/J$(0A".,\:(OFJ[-P7?1<)F3.'AP'D,4?`<A@`0'P"$>UES,%SRK?:
M7,5F7N[E2/!Q!YIC84J'.A:24+3_`&DJ(YXPC4C3W+&JV1+KISG-@5&6;O1K
MIWT<B@%2*'&U;<#K+@0\RL;4.H0L;4B+KW<:ZX5]*NI)SIRN/.0:6:U!3AA*
MFKEZJ",MI*[)B),*/J8%5C@DSEU7-]R33`P``"J=BJJ<J30\6$:AT%LUBTTI
M-2<M(G<Z=@K4@;5[L3ZQ3JERK86%+1YJ0LI!WB8Y3JC*F9N&+7*[Z'YY/>&Z
MO`V]A*6GDK`51UK4R9-53)0%"9P+(;60IE8&<M$.HWQ"$(0A"$(0A"$(UPVN
M_P"\>U@?;W=?ZR/(E+J[]V.U_H6_SH]GR<OW]*KVC>/.3$&Q7['2O"$(0A$3
MT/(.(5"<.R>80.(,B&#8JN41`R^`\I$!V%'_`%_\8L"XH]6Q:*`Z<6!W_<ZI
ML&M6D[6F%`%+$QR+?&U8V$,R!!#NSGJ\E?PB*S=?T<26?Z6>5[4^4V5IQ/1J
MJYLE+E=A/*S0JZ+"I$*K,2DE*J0A4L17['0K"$(0A"$(0A%$UI)C/&A9FU`0
M>RX-\13Q!11L4=\VZ(8#OMS<\OB#>PVB$2DX8-3NRF9SDZ[N2R_=E@(*CT6J
MN02A7Y`^`&5>:K=$D)2J*K/*C\+WULZ7IUDRC38]0<IL*4^&TS<J[2"7'V]F
MU2Z%155M>8T:M*0I;B`,[3N<M=8:TM+DN9UC-R/;YV3)*J%ND"ZY#S*H6O"J
MEHZXJZ>PX];Y8P5(Z4V`>;,7@@!2"F$>OK-D+L3FI2Z)&&PUV)UB0Z*#/OC(
M_9J(*1_XU(Y3.*C])<Z]L,M)15KG>J/"V],[5"7>W?\`V`$*/_>E?-*+ML:A
MC:<(0A"$(0A"$:X;7?\`>/:P/M[NO]9'D2EU=^[':_T+?YT>SY.7[^E5[1O'
MG)B#8K]CI7A"$(0CY(()-D4FZ!"IHHD*FFF7D*0H8`'C'_'E$8^^ZW2X7NY/
MW>ZNJ?N52ZIQQ:N52U&9/F#\@$@!(```",?RIE7+V1LM4.3\ITK5#ENVTK=/
M3,-B2&VFDA*4CE),A-2E$K6HE:U*4HD_6/@C((0A'7-IJQ=O7C!!8#N6.[GD
M#DYVPVX;D/E'YI\/DFV#&97K(&:<O9:MV;;K3*;LMTQ;A9Y>CM3C3*:-ZF;C
M4_5&P5IV`QI?)'$#I7J'J;F32/*ER14YVRMNNO-"6'OD@O<+!(>ZJZ13U>'^
M'J%):<DI0GV,8;&Z(0A`0`0$!`!`0P$!V@(#R@(>*/\`4J4A04DD*!F".4'S
M1'\.-MNMJ:=2%-*!!!$P0=A!!V$$;"#RQ.NA'5G/M`6K*C;OL0?.[<SDXTK=
M*G60[QI[;>=O6@SY!LW,)4UYS3#I!":2XHF3S'+1-(RA4U5<;'<F7BFX@M(5
MVFX+3VSMH2E2CR[]"3N'S^94H"D.'F7O2$]%,<MG%[HA5<''$@;C8&5ITFS$
M7*FA"1T$,+<3UN@'-CH'5H4R)S-.NEQ**E.2V+5,U+(*SIR0U?2LV8S^F*ID
MTLJ&G9Y+%RN9=.)).6:,PE<S8N"<U9H^9."*IF#E*8!B(M535%%4N4=6A3=4
MTM2%I4)%*DDA22.8@@@QD%-4,5E.BKI5I<IG4!2%`S"DJ$TD'S"#,1WD?A'[
M0A"$(0A"-<-KO^\>U@?;W=?ZR/(E+J[]V.U_H6_SH]GR<OW]*KVC>/.3$&Q7
M['2O"$(0A"$(0A%,55/0DS`01,''.@,FU+L$4PPP4<&#Q)`/-\9A#E#&-Z:"
MZ5.:E9K#EQ0KLI0%+E2KD#AG-NG!\UT@E<I86DKVI443@?Q]\6#'#-I,JGRZ
M\W];%_2Y3VQ&Q1IT@`5%Q6D[,-,E0#(4"'*I;0*%M(>PS)=;1'J-TZV#L+JJ
MKBF5&%O[ZE?+R;8Y&9T\503/*81K-NHB5.7%N)393324B!U!5:%,)\M4`(,]
M;M59#U39N^E3A254K:4=$)`0I&P.4\I=*E<`0H;!/H=)M2HYR=,\Z:J</&=K
M#K_97'#<C4J=6'%J/66G2=_3UA,RI%<R5G$<2P2'DE+R$*$;2]^A,V:#UL;%
M)<F]@.&\F<-ATC@'(=,X"`^#9LV15WG#*EVR1F.JRQ>DX:ZE<PS$\+B#M0X@
MGE0X@A29R(!DH!0('6QHYJSE+7'3:U:GY)=+EBNE.%A*I;UAU)*'Z9X`D)>I
MW4K:<`)22G$A2FU)4KF1C4;.A"$=+4$H).9:LU$"@N7SK10=FXX(`[H"/@(H
M&)3?@''E`(V=I%J)5::9TI[ZDJ5:EG=538VXV%D8B!SK;,G&^3I)PDX5*!B[
MQ?\`#G:N)K16X9$<2TC-;`ZW:JA6S<5[25;M*E2,F:E)53/["`VZ7`G>-ME.
M4/\`V]6N\]4TM-]#5SYR8:IH)O-:HL<YFCCZ5-*+*X,ZJRWZ*J^!W#VC7[@\
MP8H[ZBPRQPX(0I&\O`"RLU_R73++&I&7\+EIKD-[Y3>U!4M(+-0"-F%Y$DE6
MP8PDDE3D<V&CF8;G:ZRLTOS6V[39AM;[S8:>!2ZVIEQ2*BF6D[0XPX%=`](#
M&F02W&3]$8HD#"$(0A"$(UPNO$Q2=X[K`$QBE#M[NL&)A``QZR//".$2IU89
M>J.&:UML(4MS!0;$@D\GF#;'H>3PK:.@X[JJHKG6F:?J-X&)Q24)F0F0Q*($
MSS;8@K/1],E\X3RQ`?P7<_8S_K:_0CI#[4Y9^$:#W0UZ>&>CZ9+YPGEAX+N?
ML9_UM?H0[4Y9^$:#W0UZ>&>CZ9+YPGEAX+N?L9_UM?H0[4Y9^$:#W0UZ>&>C
MZ9+YPGEAX+N?L9_UM?H0[4Y9^$:#W0UZ>..ZF#1FW6=+KI@D@F90XE.4QA`H
M?)*4!Q,<P[`#PB,>M8LHYBS%>*:QVRE>57U3J6T`H4E(*CW2E$22A(FI:CL2
MD$G8(Q+/>KVG6G&3KEGK-%UHV[!:J1RH>*'6UN%*!,(:;"YN/.JPMM-IZ3CB
MDH&U0BXWW/N@1YKIU$*7)N3)U5=.UE)G*YM62;I,X2^MZE(;CJ8M>U4,`$=-
M764#R=Y>\*<N`$CBD=\W/%@N9:RTZ"::T^2LM+!S'5(5-P`!96H`/U:QR@SZ
M#`)V22!B#2A'+1G#/>:^+[7.XZN9X2I%@;<2ABFQ%3=/2M$]5H&S(`A()=J5
M)`WCBW7"$J?$9N=_;`VUU)67K>P]S9(C,:#KB0FDCILV(D@YDR[<4G$BGDA/
MEF283FF9HU0>,5`()$UVY-XIB;Q!B=E_,%SRS>V+_:W"FO8<Q`G:%`[%I7YJ
M5I)2H<X)V@[8VS?+';LPV=ZR7%`50O(PD#84RVI4GS%(4`I)YB!L(V1KIM0V
MGVXFB?4/76GJZ:(\1(9B163SY%)5*4553,RWE:7K:1G5Q*>63Q@``L4#&,U<
MIJMU1!9LH0)-:O9/MNM^GC&H&4D`YFHF5'``"XXVF9>I%RVEQI4W&-AQ3(0)
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M9`!D3H,\J/HA090SW0<4&F3](IJX5#;-U;9<0HM5R$R8K"A"CWJL:26*C8E(
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M:7^,WO>Y3P=7_P`'=3_L8)?EQXL73Q18!I=X![$4/9[^$W??)RQ[_P#QMY^?
MCG^3#AP]##%QR-;1L",83^Y3^'CLPLET]_,]UA>=0.A^%X_LJW%^N'7/>\[U
M8Z;X7HO>\]TEG</YKCXE)PS=H_"M=U?^5MV-[BG+?[-WN_S\.+'S8,.+;NXC
M?Q#^`/!M'O\`^9-X=UAE/<[=YO/S,4L'/CGAV8XP\XF3$3X0A"$(0A'JZ5=N
M7P.5W\OX:OBNM/CQW$Y?;EV0WHW>JV/T/?Z@X]/X>=PZ'QYN[&).^`NW=/\`
MU-X)J.27\+UBF]4Y_5?4N;U:,G:\-=C'_P"G?"C'+/\`B=Q4=QS>I>J\_J,?
"_]D_
`
end

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