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<SEC-DOCUMENT>0000911971-04-000013.txt : 20040316
<SEC-HEADER>0000911971-04-000013.hdr.sgml : 20040316
<ACCEPTANCE-DATETIME>20040316125019
ACCESSION NUMBER:		0000911971-04-000013
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20040316
FILED AS OF DATE:		20040316

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:		04671749

	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_031604.htm
<DESCRIPTION>FORM 6K DATED MARCH 16, 2004
<TEXT>
<HTML>
<HEAD>
<TITLE>TEEKAY SHIPPING CORPORATION</TITLE>
     <!-- Created by EDGAR Ease Plus (EDGAR Ease+ 1.4a) -->
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<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%" noShade SIZE=1>

<P align=center>Date of report: March 16, 2004<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%" noShade SIZE=1>


<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 cellSpacing=0 cellPadding=0 width="100%" border=0>
<TR>
<TD align=center width="5%"></TD>
<TD width="95%">Attached as Exhibit I is a copy of an announcement of Teekay Shipping Corporation (the &#147;Company&#148;), dated March 16, 2004.</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 cellSpacing=0 cellPadding=0 width="100%" border=0>
<TR>
<TD vAlign=middle width="45%">Date: March 16, 2004</TD>
<TD vAlign=top width="55%">&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;Executive 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>
<P align=right><FONT face="Times New Roman, Times, Serif" size=3><B>EXHIBIT I</B></FONT></P>
<BR>
<TABLE cellSpacing=0 cellPadding=0 width=700 border=0>
<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>
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<H1 align=center><FONT face="Times New Roman, Times, Serif" size=4>NEWS RELEASE </FONT></H1>

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<HR align=left width="100%" noShade SIZE=2>

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<H1 align=center><FONT face="Times New Roman, Times, Serif" size=3>TEEKAY ACQUIRES SPANISH LNG AND OIL SHIPPING COMPANY;<BR>FORMS NEW JOINT VENTURE </FONT></H1>

<!-- MARKER FORMAT-SHEET="Page Rule Single" FSL="Default" -->
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<P><FONT face="Times New Roman, Times, Serif" size=3>Nassau, The Bahamas, March 16, 2004 &#151; Teekay Shipping
 Corporation (&#147;Teekay&#148; or &#147;the Company&#148;) announced today that it has entered into a definitive agreement
 to acquire Naviera F. Tapias S.A. (&#147;Tapias&#148;), the leading independent owner and operator of liquefied
 natural gas (&#147;LNG&#148;) carriers and crude oil tankers in Spain. Teekay has also entered into an agreement
 with the shareholders of Tapias to establish a 50/50 joint venture that will pursue new business in
 the oil and gas shipping sectors, focusing specifically on the Spanish market. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->

<P><FONT face="Times New Roman, Times, Serif" size=3>The Tapias acquisition will establish Teekay&#146;s presence
 in LNG shipping, one of the fastest growing sectors of sea-borne energy transportation. It will position
 the Company as a key supplier of LNG shipping to Spain, the world&#146;s third largest importer of LNG, and
 provide a strategic growth platform for Teekay. As a major provider of crude oil transportation to Spain,
 the acquisition of Tapias will also extend Teekay&#146;s leading position in the crude oil tanker sector.
 </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->

<P><FONT face="Times New Roman, Times, Serif" size=3>Tapias has established itself as a high quality operator
 with a modern fleet of LNG carriers and crude oil tankers. Its LNG fleet consists of four vessels, including
 two newbuildings scheduled for delivery in the second half of 2004. All four vessels are contracted
 under long-term fixed-rate charters to major Spanish energy companies. Tapias&#146; conventional crude oil
 tanker fleet consists of nine Suezmax tankers, including three newbuildings scheduled for delivery in
 2004 and 2005. Five of these vessels are contracted under long-term fixed-rate charters with a major
 Spanish oil company. The average remaining terms of these LNG and Suezmax charter contracts are approximately
 21 and 18 years, respectively. The other four Suezmax tankers, two of which are currently trading under
 short-term contracts, are expected to join Teekay&#146;s spot tanker fleet during the next 18 months. </FONT>
</P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->

<P><FONT face="Times New Roman, Times, Serif" size=3>&#147;We are excited about the strategic benefits this acquisition
 provides to Teekay: it accelerates our entry into the high growth LNG shipping market in a profitable
 but low risk manner; it significantly increases our cash flow from vessel operations stemming from long-term,
 fixed-rate contracts; and it provides us with further operating leverage to the spot tanker market at
 an opportune time,&#148; said Bjorn Moller, President and Chief Executive Officer of Teekay. &#147;We are also
 excited about the growth opportunities for our new joint venture with the existing shareholders of Tapias.
 This venture will focus on leveraging Teekay&#146;s strong balance sheet and large, high-quality fleet in
 combination with Tapias&#146; leading market position and strong growth prospects in Spain.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->

<P><FONT face="Times New Roman, Times, Serif" size=3>Teekay will acquire Tapias for a total enterprise value
 of approximately $810 million through a combination of cash, and the assumption of existing debt. In
 addition, Teekay will assume approximately $540 million in newbuilding commitments, most of which is
 expected to be fully debt financed prior to the vessel deliveries, thereby requiring a relatively small
 total cash outlay by the Company. Teekay expects the acquisition to be immediately accretive to earnings
 and to provide cash flow from vessel operations of approximately $85 million in 2004 (on an annualized
 basis), $120 million in 2005 and $125 million annually thereafter, following delivery of the newbuildings.
 Mr. Moller added, &#147;Tapias&#146; long-term charter contracts with financially strong customers will add significantly
 to Teekay&#146;s fixed-rate segment. We anticipate that the acquisition will further increase Teekay&#146;s annualized
 cash flow from vessel operations from long-term fixed-rate contracts to approximately $400 million by
 the end of 2005.&#148; </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->

<P><FONT face="Times New Roman, Times, Serif" size=3>The transaction, which is subject to customary closing
 conditions, is expected to close by April 30, 2004. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Workstation" -->
<A name=A005></A>
<H1 align=left><FONT face="Times New Roman, Times, Serif" size=3>Conference Call </FONT></H1>

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<P><FONT face="Times New Roman, Times, Serif" size=3>Teekay will host a conference call at 11:00 a.m. EST
 (8:00 a.m. PST) today (Tuesday, March 16, 2004) to discuss this transaction, which will include the
 provision of additional important information. All shareholders and interested parties are invited to
 listen to the live conference call and view a presentation that will be posted at <U>www.teekay.com
 </U>prior to the call. A recording of the call will be available until midnight Tuesday, March 23, 2004
 by dialing (719) 457-0820 and entering access code 414223, or via Teekay&#146;s website until April 16, 2004.
 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Workstation" -->
<A name=A006></A>
<H1 align=left><FONT face="Times New Roman, Times, Serif" size=3>About Teekay </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->

<P><FONT face="Times New Roman, Times, Serif" size=3>Teekay Shipping Corporation 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. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->

<P><FONT face="Times New Roman, Times, Serif" size=3>With offices in 13 countries, Teekay employs 4,700
 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. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->

<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>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Workstation" -->
<A name=A007></A>
<H1 align=left><FONT face="Times New Roman, Times, Serif" size=3>About Naviera F. Tapias S.A. </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->

<P><FONT face="Times New Roman, Times, Serif" size=3>Naviera F. Tapias S.A. was formed in 1991 and is Spain&#146;s
 largest crude oil transportation company, with a fleet of nine Suezmax tankers. Tapias also owns and
 operates four LNG carriers, which are all contracted under long-term fixed-rate contracts with Spanish
 energy companies. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Default" -->
<A name=A008></A>
<H1 align=left><FONT face="Times New Roman, Times, Serif" size=3>Tapias Fleet Summary </FONT></H1>

<PRE>
- ----------------------- --------------- --------------- ---------------------- -----------------------------
<B>     Vessel Name          Yard Built       m3 / DWT          Year Built          Remaining Contract Term</B>
- ------------------------------------------------------------------------------------------------------------
<B>                                               LNG Carriers </B>
- ----------------------- --------------- --------------- ---------------------- -----------------------------
     Ivan Tapias             Izar       138,000 m3         December 2004*                20 years
- ----------------------- --------------- --------------- ---------------------- -----------------------------
    Elvira Tapias           Daewoo      140,500              July 2004*                  25 years
- ----------------------- --------------- --------------- ---------------------- -----------------------------
     Inigo Tapias            Izar       138,000                 2003                     19 years
- ----------------------- --------------- --------------- ---------------------- -----------------------------
   Fernando Tapias          Daewoo      140,500                 2002                     18 years
- ------------------------------------------------------------------------------------------------------------
<B>                                              Suezmax Tankers </B>
- ------------------------------------------------------------------------------------------------------------
      Tapias N/B            Daewoo      159,500 dwt        September 2005*               20 years
- ----------------------- --------------- --------------- ---------------------- -----------------------------
      Tapias N/B            Daewoo      159,500              June 2005*                Spot trading
- ----------------------- --------------- --------------- ---------------------- -----------------------------
      Tapias N/B            Daewoo      159,500             October 2004*                20 years
- ----------------------- --------------- --------------- ---------------------- -----------------------------
     Iria Tapias            Daewoo      159,500                 2001                     17 years
- ----------------------- --------------- --------------- ---------------------- -----------------------------
     Nuria Tapias           Daewoo      159,500                 2000                     16 years
- ----------------------- --------------- --------------- ---------------------- -----------------------------
     Bosco Tapias           Daewoo      159,500                 2000                     16 years
- ----------------------- --------------- --------------- ---------------------- -----------------------------
    Sandra Tapias            AESA       147,000                 1991                    17 months
- ----------------------- --------------- --------------- ---------------------- -----------------------------
     Tito Tapias             AESA       147,500                 1990                   Spot trading
- ----------------------- --------------- --------------- ---------------------- -----------------------------
     Borja Tapias         Brodosplit    142,000                 1989                     9 months
- ----------------------- --------------- --------------- ---------------------- -----------------------------
         *Scheduled newbuilding delivery dates

</PRE>

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<A name=A009></A>
<H1 align=left><FONT face="Times New Roman, Times, Serif" size=3>Description of Non-GAAP Financial Measures </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Workstation" -->

<P><FONT face="Times New Roman, Times, Serif" size=3>Cash flow from vessel operations represents income
 from vessel operations before depreciation and amortization expense. Cash flow from vessel operations
 is included because some investors use this data to measure a company&#146;s financial performance. Cash
 flow from vessel operations is not required by accounting principles generally accepted in the United
 States and should not be considered as an alternative to net income or any other indicator of the Company&#146;s
 performance required by accounting principles generally accepted in the United States. Expected cash
 flow from vessel operations detailed in this release, has been reconciled to financial measures defined
 by accounting principles generally accepted in the United States in the associated presentation available
 on Teekay&#146;s website at <U>www.teekay.com</U>. </FONT></P>

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<A name=A010></A>
<H1 align=left><FONT face="Times New Roman, Times, Serif" size=3>Forward Looking Statement </FONT></H1>

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<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) which reflect management&#146;s
 current views with respect to certain future events and performance, including statements regarding:
 the impact of the Tapias acquisition to Teekay&#146;s earnings and future cash flow from vessel operations;
 the closing of Teekay&#146;s acquisition of Tapias and the joint venture; the transaction serving as a strategic
 platform for Teekay in the LNG market; the growth prospects of the LNG shipping sector and the joint
 venture company; trading of some of the tankers on the spot market; newbuilding delivery dates and debt
 financing of newbuilding commitments prior to vessel deliveries; and other potential financial and other
 benefits relating to the acquisition and joint venture. The following factors are among those that could
 cause actual results to differ materially from the forward-looking statements, which involve risks and
 uncertainties, and that should be considered in evaluating any such statement: potential failure to
 close the transaction; potential inability of Teekay to integrate Tapias successfully, including the
 retention of key employees; customer and market reaction to the transaction, including its effect on
 Tapias&#146; relationship with major Spanish energy companies; early termination or breach of one or more
 of the long-term charter contracts; changes in production of or demand for oil, petroleum products and
 LNG, either generally or in particular regions; greater than anticipated levels of tanker newbuilding
 orders or less than anticipated rates of tanker scrapping; changes in trading patterns significantly
 impacting overall tanker tonnage requirements; potential breach of the newbuilding contracts by any
 of the parties, potential delays or non-delivery of the newbuildings; changes in applicable industry
 regulations; changes in the typical seasonal variations in tanker charter rates; and other factors discussed
 in Teekay&#146;s Report on Form 20-F for the fiscal year ended December&nbsp;31, 2002 which is on file with
 the SEC. </FONT></P>
<BR><BR>
<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<A name=A011></A>
<P align=center><FONT face="Times New Roman, Times, Serif" size=3><B>For Investor Relations Enquiries:</B><BR>Scott Gayton<BR>Tel:
 +1 (604) 844-6654 </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center" FSL="Default" -->
<A name=A012></A>
<P align=center><FONT face="Times New Roman, Times, Serif" size=3><B>For Media Enquiries:</B> <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=3>Web site: <U>www.teekay.com</U> </FONT></P>
<BR><BR>
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`
end

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