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<SEC-DOCUMENT>0000911971-03-000039.txt : 20030710
<SEC-HEADER>0000911971-03-000039.hdr.sgml : 20030710
<ACCEPTANCE-DATETIME>20030710174601
ACCESSION NUMBER:		0000911971-03-000039
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20030710

SUBJECT COMPANY:	

	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:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-45313
		FILM NUMBER:		03782586

	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

FILED BY:		

	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:		SC 13D

	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>SC 13D
<SEQUENCE>1
<FILENAME>form13d_070903.htm
<DESCRIPTION>SCHEDULE 13D DATED JULY 10, 2003
<TEXT>

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2 Final//EN">
<HTML>
<HEAD>
     <!-- Created by EDGAR Ease Plus (EDGAR Ease+ 1.2a) -->
     <!-- Project:        V:\Accounts\TEEKAY\FS\SEC Filings in Edgar\form13d_070903.eep    -->
     <!-- Control Number: A0025                                                            -->
     <!-- Rev Number:                                                                      -->
     <!-- Client Name:    Teekay Shipping Corporation                                      -->
     <!-- Project Name:   13-D dated July 9, 2003                                          -->
     <!-- Firm Name:      Teekay Shipping Corporation                                      -->
     <TITLE>13-D Edgar Filing</TITLE>
</HEAD>
<BODY>


<!-- MARKER FORMAT-SHEET="Head Sub 3 Left" FSL="Default" -->
<A NAME=A002></A>
<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>UNITED STATES<BR>SECURITIES AND EXCHANGE COMMISSION </B><BR></FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Washington, D.C. 20549</B></FONT></P>

<!-- MARKER FORMAT-SHEET="Head Sub 3 Left" FSL="Default" -->
<A NAME=A004></A>
<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=4><B>SCHEDULE 13D</B><BR></FONT>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Under the Securities Exchange Act of 1934</B><BR><BR><BR></FONT></P>

<!-- MARKER FORMAT-SHEET="Head Sub 3 Left" FSL="Default" -->
<A NAME=A006></A>
<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Aktieselskabet Dampskibsselskabet TORM<BR>
___________________________________________________________________________________________________________________________________________<BR>
(Name of Issuer)<BR><BR><BR></FONT></P>


<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Common Shares, 10 Danish Kroner (DKK) par value per share<BR>
___________________________________________________________________________________________________________________________________________<BR>
(Title of Class of Securities)<BR><BR><BR></FONT></P>


<!-- MARKER FORMAT-SHEET="Head Sub 3 Left" FSL="Default" -->
<A NAME=A009></A>
<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>00208W109<BR>
_________________________________________________________________________<BR>
(CUSIP Number)<BR><BR><BR></FONT></P>

<!-- MARKER FORMAT-SHEET="Head Sub 3 Left" FSL="Default" -->
<A NAME=A011></A>
<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Bjorn Moller<BR>TK House, Bayside Executive Park,<BR>
West Bay Street &amp; Blake Road, P.O. Box AP 59212, <BR>
Nassau, Bahamas, Tel: (242) 502-8880;<BR><BR></FONT></P>


<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>with a copy to:<BR><BR></FONT></P>

<!-- MARKER FORMAT-SHEET="Head Sub 3 Left" FSL="Default" -->
<A NAME=A012></A>
<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>David Matheson, Esq.,<BR>
Perkins Coie, LLP, 1211 SW Fifth Avenue,<BR>
Portland, Oregon 97204<BR>
_________________________________________________________________________<BR>
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)<BR><BR><BR></FONT>
</P>


<!-- MARKER FORMAT-SHEET="Para Large Indent" FSL="Default" -->
<P ALIGN="Center"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>July 4, 2003<BR>
_________________________________________________________________________<BR>
(Date of Event Which Requires Filing of this Statement)</FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>If the filing person has previously
filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of
&sect;&sect;&nbsp;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  [    ]</FONT></P>


<!-- MARKER PAGE="sheet: 3; page: 3" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SCHEDULE 13D</B></FONT></P>

<TABLE BORDER="1" CELLPADDING="1" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TH>
     <TH WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TH>
     <TH WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TH>
     <TH WIDTH="15%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TH>
     <TH WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TH>
     <TH WIDTH="30%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TH></TR>

<TR VALIGN="BOTTOM">
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>CUSIP No. 00208W109</B>
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Page 2 of 8 Pages</B>
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>1</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">NAMES OF REPORTING PERSONS<BR>
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<BR>
Pacific International Investments Inc.
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>2</B>
</FONT></TD>
     <TD COLSPAN=4><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
</FONT></TD>
     <TD ALIGN="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(a)&nbsp;|&nbsp;&nbsp;&nbsp;|<BR>
(b)&nbsp;|&nbsp;&nbsp;&nbsp;|
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>3</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SEC USE ONLY
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>4</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SOURCE OF FUNDS (SEE INSTRUCTIONS)<BR>
WC
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>5</B>
</FONT></TD>
     <TD COLSPAN=4><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
</FONT></TD>
     <TD ALIGN="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">|&nbsp;&nbsp;&nbsp;|</FONT></TD></TR>


<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>6</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CITIZENSHIP OR PLACE OF ORGANIZATION<BR>
The Republic of Liberia
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD ROWSPAN="4" COLSPAN="2" ALIGN="Center" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>7</B>
</FONT></TD>
     <TD COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SOLE VOTING POWER<BR>
2,906,000
</FONT></TD>
</TR>

<TR VALIGN="TOP">

     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>8</B>
</FONT></TD>
     <TD COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SHARED VOTING POWER<BR>
<BR>
- -0-
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>9</B>
</FONT></TD>
     <TD COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SOLE DISPOSITIVE POWER<BR>
<BR>
2,906,000
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>10</B>
</FONT></TD>
     <TD COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SHARED DISPOSITIVE POWER<BR>
- -0-
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>11</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<BR>
2,906,000
</FONT></TD>
</TR>


<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>12</B>
</FONT></TD>
     <TD COLSPAN=4><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
</FONT></TD>
     <TD ALIGN="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT>|&nbsp;&nbsp;&nbsp;|</TD></TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>13</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<BR>
16%</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>14</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<BR>
CO</FONT></TD>
</TR>
</TABLE>

<!-- MARKER PAGE="sheet: 3; page: 3" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>SCHEDULE 13D</B></FONT></P>

<TABLE BORDER="1" CELLPADDING="1" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;
</FONT></TH>
     <TH WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TH>
     <TH WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TH>
     <TH WIDTH="15%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TH>
     <TH WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TH>
     <TH WIDTH="30%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TH></TR>

<TR VALIGN="BOTTOM">
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>CUSIP No. 00208W109</B>
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Page 3 of 8 Pages</B>
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>1</B></FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">NAMES OF REPORTING PERSONS<BR>
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)<BR>
Teekay Shipping Corporation
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>2</B>
</FONT></TD>
     <TD COLSPAN=4><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
</FONT></TD>
     <TD ALIGN="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">(a)&nbsp;|&nbsp;&nbsp;&nbsp;|<BR>
(b)&nbsp;|&nbsp;&nbsp;&nbsp;|
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>3</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SEC USE ONLY
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>4</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SOURCE OF FUNDS (SEE INSTRUCTIONS)<BR>
WC
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>5</B>
</FONT></TD>
     <TD COLSPAN=4><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)
</FONT></TD>
     <TD ALIGN="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">|&nbsp;&nbsp;&nbsp;|</FONT></TD></TR>


<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>6</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CITIZENSHIP OR PLACE OF ORGANIZATION<BR>
The Republic of Marshall Islands
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD ROWSPAN="4" COLSPAN="2" ALIGN="Center" VALIGN="Middle"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>7</B>
</FONT></TD>
     <TD COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SOLE VOTING POWER<BR>
2,906,000
</FONT></TD>
</TR>

<TR VALIGN="TOP">

     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>8</B>
</FONT></TD>
     <TD COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SHARED VOTING POWER<BR>
<BR>
- -0-
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>9</B>
</FONT></TD>
     <TD COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SOLE DISPOSITIVE POWER<BR>
<BR>
2,906,000
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>10</B>
</FONT></TD>
     <TD COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE="2">SHARED DISPOSITIVE POWER<BR>
- -0-
</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>11</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON<BR>
2,906,000
</FONT></TD>
</TR>


<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>12</B>
</FONT></TD>
     <TD COLSPAN=4><FONT FACE="Times New Roman, Times, Serif" SIZE="2">CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
</FONT></TD>
     <TD ALIGN="Right"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT>|&nbsp;&nbsp;&nbsp;|</TD></TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>13</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)<BR>
16%</FONT></TD>
</TR>

<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="3"><B>14</B>
</FONT></TD>
     <TD COLSPAN=5><FONT FACE="Times New Roman, Times, Serif" SIZE="2">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)<BR>
CO</FONT></TD>
</TR>
</TABLE>

<BR>
<BR>
<BR>

<!-- MARKER PAGE="sheet: 3; page: 3" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A016></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 1. Security and
Issuer </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Schedule 13D relates to the common shares, 10 Danish Kroner (DKK) par value per share
(&#147;Common Stock&#148;), of Aktieselskabet Dampskibsselskabet TORM (translated in
English to &#147;A/S Steamship Company Torm&#148;), a corporation organized under the laws
of the Kingdom of Denmark (the &#147;Issuer&#148;), with principal executive offices at
Marina Park, 10 Sundkrogsgade, DK-2100 Copenhagen O, Denmark. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A017></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 2. Identity and
Background </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Schedule 13D relates to Pacific International Investments Inc., a corporation organized
under the laws of the Republic of Liberia (&#147;PIII&#148;), with its principal executive
offices at TK House, Bayside Executive Park, West Bay Street &amp; Blake Road, P.O. Box
AP- 59212, Nassau, Bahamas. This Schedule 13D also relates to Teekay Shipping Corporation,
a corporation existing under the laws of the Republic of the Marshall Islands
(&#147;Teekay&#148;), with its principal executive offices at TK House, Bayside Executive
Park, West Bay Street &amp; Blake Road, P.O. Box AP- 59212, Nassau, Bahamas. PIII is a
wholly-owned subsidiary of Teekay. PIII and Teekay are collectively referred to as the
&#147;Reporting Persons.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Reporting Persons are principally in the business of international crude oil and petroleum
product transportation services. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
name, principal occupation or employment and principal business address and citizenship of
each director and executive officer of the Reporting Persons are as set forth on Schedule
A. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In
the past five years, neither of the Reporting Persons nor, to the knowledge of the
Reporting Persons, any of the individuals set forth on Schedule A has been convicted in a
criminal proceeding or been a party to any action as a result of which it is subject to a
judgment, decree or final order enjoining future violations of, or prohibiting or
mandating activities subject to federal or state securities laws or finding any violation
with respect to such laws. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A018></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 3. Source and
Amount of Funds or Other Consideration </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PIII
used US$ 37,300,000, inclusive of brokerage commission, from a loan by Teekay to acquire
the Issuer&#146;s securities. Teekay used internally-generated funds to make its loan to
PIII. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A019></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 4. Purpose of
Transaction </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PIII
acquired the Issuer&#146;s securities to take an equity position in the Issuer. The
Reporting Persons intend to continuously review the investment in the Issuer, and may
determine to: (i) acquire additional securities of the Issuer, through open market
purchases, private agreements or otherwise, (ii) dispose of all or a portion of the
securities of the Issuer held by PIII, or (iii) consider plans or proposals which would
relate to or result in: (a) the acquisition by any person of additional securities of the
Issuer or the disposition of securities of the Issuer; (b) an extraordinary corporate
transaction such as a tender offer for some or all of the Issuer&#146;s securities or a
merger or reorganization involving the Issuer; or (c) the taking of any other action
similar to those enumerated above. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold" FSL="Default" -->
<A NAME=A020></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 5. Interest in
Securities of the Issuer </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PIII
beneficially owns and has sole voting and dispositive power with respect to 2,906,000
shares of Common Stock of the Issuer, representing approximately 16% of the Issuer&#146;s
outstanding Common Stock calculated according to the number of shares of Common Stock the
Issuer disclosed as outstanding in the Issuer&#146;s annual report on Form 20-F for the
year ended December&nbsp;31, 2002. Under the SEC&#146;s Rule 13d-3, Teekay, as the sole
parent of PIII, is also deemed to be the beneficial owner of the foregoing shares of
Common Stock. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
July 4, 2003, PIII acquired 2,906,000 shares of Common Stock of the Issuer for DKK 83 per
share, excluding commissions, via the Copenhagen Stock Exchange. The July 4, 2003
transaction was the only transaction in the Common Stock of the Issuer effected during the
last 60 days by the Reporting Persons, and, to the knowledge of the Reporting Persons, the
individuals set forth on Schedule A. </FONT></P>

Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There
are no contracts, arrangements, understandings or relationships (legal or otherwise)
involving the Reporting Persons with respect to the securities of the Issuer. None of the
subject securities have been pledged or otherwise subject to a contingency the occurrence
of which would give another person voting power or investment power over the subject
securities. </FONT></P>

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<A NAME=A021></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=3>Item 7. Material to Be
Filed as Exhibits </FONT></H1>

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<A NAME=A022></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None</I> </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Sub 2 Left" FSL="Default" -->
<A NAME=A023></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIGNATURE</I> </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;After
reasonable inquiry and to the best of my knowledge and belief, I certify that the
information set forth in this statement is true, complete and correct. </FONT></P>

<BR>
<BR>

<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
<TD WIDTH=45% VALIGN=MIDDLE>
Date: July 10, 2003
</TD>
<TD WIDTH=55% VALIGN=TOP>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PACIFIC INTERNATIONAL INVESTMENTS INC.
<BR>
<BR>
<BR>
<BR>
By:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>/s/ Bjorn Moller&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Bjorn Moller<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: President<BR>
</TD>
</TR>
</TABLE>

<BR>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
<TD WIDTH=45% VALIGN=MIDDLE>
Date: July 10, 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 B. Evensen&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Peter B. Evensen<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Senior Vice President, Treasurer and Chief Financial Officer<BR>
</TD>
</TR>
</TABLE>


<BR>
<BR>
<BR>







<!-- MARKER PAGE="sheet: 4; page: 4" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>



<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="3">SCHEDULE A</FONT></P>

<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Directors and Executive Officers of PIII:</FONT></P>


<TABLE BORDER="1" CELLPADDING="1" CELLSPACING="1" WIDTH="650">
<TR VALIGN="BOTTOM">
     <TH WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Name and Position
</FONT></TH>
     <TH WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Principal Occupation or Employment and <BR>
Principal Business Address
</FONT></TH>
     <TH WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Citizenship
</FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Bjorn Moller, Director and President
</FONT></TD>
     <TD WIDTH="40%"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">Teekay
Shipping  (Canada)  Ltd.<BR>  Suite 2000,  Bentall 5<BR> 550 Burrard  Street<BR>
Vancouver B.C. V6C 2K2<BR> Canada
</FONT></TD>
     <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Denmark
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Bruce C. Bell, Director
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">TK House, Bayside Executive Park   <BR>
West Bay Street &amp; Blake Road<BR>
P.O. Box  AP- 59212, Nassau Bahamas
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Canada
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Francelyn Bethel, Director
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">TK House, Bayside Executive Park   <BR>
West Bay Street &amp; Blake Road<BR>
P.O. Box  AP- 59212, Nassau Bahamas
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">The Bahamas
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Matthew F. Gibbons, Vice President
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Financial Consultant<BR>
P.O. Box  N- 7776<BR>
Lyford Cay, Bahamas
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">United Kingdom
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Peter B. Evensen, Treasurer
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Teekay Shipping (Canada) Ltd.<BR>
Suite 2000, Bentall 5<BR>
550 Burrard Street<BR>
Vancouver B.C.  V6C 2K2<BR>
Canada
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">United States
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Arthur J. Bensler, Secretary
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Teekay Shipping (Canada) Ltd.<BR>
Suite 2000, Bentall 5<BR>
550 Burrard Street<BR>
Vancouver B.C.  V6C 2K2<BR>
Canada
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Canada
</FONT></TD></TR>
</TABLE>



<BR>
<BR>
<BR>


<!-- MARKER FORMAT-SHEET="Head Left" FSL="Default" -->
<A NAME=A024></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Directors and Executive Officers of Teekay: </FONT></P>

<TABLE BORDER="1" CELLPADDING="1" CELLSPACING="1" WIDTH="650">
<TR VALIGN="BOTTOM">
     <TH WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Name and Position
</FONT></TH>
     <TH WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Principal Occupation or Employment and <BR>
Principal Business Address
</FONT></TH>
     <TH WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Citizenship
</FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">C. Sean Day, Director and Chairman<BR>
of the Board
</FONT></TD>
     <TD WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">President<BR>
Seagin International LLC<BR>
Three Pickwick Plaza, 2nd Floor,<BR>
Greenwich, Connecticut, USA 06830
</FONT></TD>
     <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">United States
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Bjorn Moller, Director, President and<BR>
Chief Executive Officer
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Teekay Shipping (Canada) Ltd.<BR>
Suite 2000, Bentall 5<BR>
550 Burrard Street<BR>
Vancouver B.C.  V6C 2K2<BR>
Canada
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Denmark
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Axel Karlshoej, Director and Chairman<BR>
Emeritus
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">President<BR>
Nordic Industries<BR>
1437 Furneaux Road<BR>
Marysville, California, USA, 95901
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Denmark
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Bruce C. Bell, Director
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">TK House, Bayside Executive Park   <BR>
West Bay Street &amp; Blake Road<BR>
P.O. Box  AP- 59212, Nassau Bahamas
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Canada
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Dr. Ian D. Blackburne, Director
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">130 Blues Point Road               <BR>
McMahons Point, NSW 2060, Australia
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Australia
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Morris L. Feder, Director
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">President                     <BR>
Worldwide Cargo, Inc.<BR>
156 West 56 Street, Suite 2004<BR>
New York, NY 10019 USA
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">United States
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Thomas Kuo-Yuen Hsu, Director
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Executive Director             <BR>
Expedo &amp; Company (London) Ltd.<BR>
40 George Street<BR>
London, United Kingdom, W1H 5RE
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">United Kingdom
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Leif O. Hoegh, Director
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Managing Director            <BR>
Leif Hoegh UK Ltd.<BR>'
60 Sloane Avenue<BR>
London SW3 3DD United Kingdom
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Norway
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Eileen A. Mercier, Director
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Finvoy Management Inc.    <BR>
199 Cranbrooke Avenue<BR>
Toronto, ON M5M 1M6 Canada
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Canada
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Peter B. Evensen, SVP, Treasurer<BR>
and Chief Financial Officer
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Teekay Shipping (Canada) Ltd.<BR>
Suite 2000, Bentall 5<BR>
550 Burrard Street<BR>
Vancouver B.C.  V6C 2K2<BR>
Canada
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">United States
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">David Glendinning, SVP, Customer        <BR>
Relations and Marine Project Development
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Teekay Shipping (Canada) Ltd.<BR>
Suite 2000, Bentall 5<BR>
550 Burrard Street<BR>
Vancouver B.C.  V6C 2K2<BR>
Canada
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">United Kingdom
</FONT></TD></TR>
</TABLE>

<BR>
<BR>
<BR>

<TABLE BORDER="1" CELLPADDING="1" CELLSPACING="1" WIDTH="650">
<TR VALIGN="BOTTOM">
     <TH WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Name and Position
</FONT></TH>
     <TH WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Principal Occupation or Employment and <BR>
Principal Business Address
</FONT></TH>
     <TH WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Citizenship
</FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="35%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Graham Westgarth, SVP, Marine <BR>
Operations
</FONT></TD>
     <TD WIDTH="40%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Teekay Shipping (Canada) Ltd.<BR>
Suite 2000, Bentall 5<BR>
550 Burrard Street<BR>
Vancouver B.C.  V6C 2K2<BR>
Canada
</FONT></TD>
     <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">United Kingdom
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Arthur J. Bensler, VP, General Counsel<BR>
and Corporate Secretary
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Teekay Shipping (Canada) Ltd.<BR>
Suite 2000, Bentall 5<BR>
550 Burrard Street<BR>
Vancouver B.C.  V6C 2K2<BR>
Canada
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Canada
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Vincent Lok, VP, Finance
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Teekay Shipping (Canada) Ltd.<BR>
Suite 2000, Bentall 5<BR>
550 Burrard Street<BR>
Vancouver B.C.  V6C 2K2<BR>
Canada
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Canada
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Mads Meldgaard, VP, Chartering
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Teekay Shipping (Canada) Ltd.<BR>
Suite 2000, Bentall 5<BR>
550 Burrard Street<BR>
Vancouver B.C.  V6C 2K2<BR>
Canada
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Denmark
</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Paul Wogan, VP, Business Development
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Teekay Shipping (Canada) Ltd.<BR>
Suite 2000, Bentall 5<BR>
550 Burrard Street<BR>
Vancouver B.C.  V6C 2K2<BR>
Canada
</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">United Kingdom
</FONT></TD></TR>
</TABLE>











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