-----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,
 AMLBIXExTUtwpqorkFEQci/Bp+LP3OB3OkDuoqerozyWk1tkcwDZ9KnqpyuDEJoJ
 G8wqG/W9q6NdeFvMuRg5rw==

<SEC-DOCUMENT>0000911971-04-000046.txt : 20040719
<SEC-HEADER>0000911971-04-000046.hdr.sgml : 20040719
<ACCEPTANCE-DATETIME>20040716203625
ACCESSION NUMBER:		0000911971-04-000046
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040719

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AS STEAMSHIP CO TORM
		CENTRAL INDEX KEY:			0001168351
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER TRANSPORTATION [4400]
		IRS NUMBER:				000000000

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-78280
		FILM NUMBER:		04918997

	BUSINESS ADDRESS:	
		STREET 1:		SEWARD & KISSEL LLP
		STREET 2:		ONE BATTERY PARK PLAZA
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10001
		BUSINESS PHONE:		45 39 17 92 86

	MAIL ADDRESS:	
		STREET 1:		TUBORG HAVNEVEJ 18
		STREET 2:		DK-2900 HELLERUP
		CITY:			DENMARK
		STATE:			G7
		ZIP:			00000

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_071604.htm
<DESCRIPTION>FORM SC 13D DATED JULY 16, 2004
<TEXT>

<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2 Final//EN">
<HTML>
<HEAD>
     <TITLE>13-D Edgar Filing</TITLE>
</HEAD>
<BODY>
<BR>
<BR>
<BR>
<BR>
<BR>
<!-- 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<BR>
(Amendment No. 1)*</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>Bruce C. Bell<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 16, 2004<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 FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>*The remainder of this cover page
shall be filled out for a reporting person&#146;s initial filing on this form with respect
to the subject class of securities, and for any subsequent amendment containing
information which would alter the disclosures provided in a prior cover page. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Flush Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The information required on the
remainder of this cover page shall not be deemed to be &#147;filed&#148; for the purpose
of Section 18 of the Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise
subject to the liabilities of that section of the Act but shall be subject to all other
provisions of the Act (however, see the Notes). </FONT></P>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>

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

<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 5 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>
<B>Pacific International Investments Inc.</B>
</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>
<B>The Republic of Liberia</B>
</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>
- -0-
</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>
- -0-
</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>
- -0-
</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>
- -0-</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>
<B>CO</B></FONT></TD>
</TR>
</TABLE>

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


<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 5 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>
<B>Teekay Shipping Corporation</B>
</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>
<B>WC</B>
</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>
<B>The Republic of the Marshall Islands</B>
</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>
- -0-
</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>
- -0-
</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>
- -0-
</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>
- -0-</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>
<B>CO</B></FONT></TD>
</TR>
</TABLE>

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

<!-- MARKER FORMAT-SHEET="Para Indent" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The statement on Schedule 13D filed
by the Reporting Persons on July 10, 2003 (the &#147;Initial Statement&#148;) relating 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;), is hereby amended by this Amendment 1 to Schedule 13D as provided
below. The Reporting Persons no longer have beneficial ownership of any of the
Issuer&#146;s Common Stock for reporting under Section 13(d) of the Act. Unless otherwise
indicated, all capitalized terms used herein but not defined herein shall have the meaning
assigned to them in the Schedule 13D.</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 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;On
April 19, 2004, Pacific International Investments Inc. (&#147;PIII&#148;), a wholly-owned
subsidiary of Teekay Shipping Corporation (&#147;Teekay&#148;), transferred all of the
shares of Common Stock of the Issuer reported in the Initial Statement (the
&#147;Shares&#148;) to Teekay Netherlands European Holdings BV (&#147;TNEH&#148;), a
company incorporated under the laws of The Netherlands with an office at Naritaweg 165,
1043 BW, Amsterdam, The Netherlands. TNEH is an indirect wholly-owned subsidiary of
Teekay. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;From
May 21, 2004 through July 14, 2004, TNEH sold Shares via the Copenhagen Stock Exchange as
set forth on Schedule A. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On
July 16, 2004, TNEH sold all of the remaining Shares via the Copenhagen Stock Exchange for
DKK 135 per share.</FONT></P>
<BR>
<BR>
<BR>
<!-- 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><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SIGNATURE</B> </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>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;July
16, 2004
</FONT>
<BR>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
<TD WIDTH=45% VALIGN=TOP>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>
</TD>
<TD WIDTH=55% VALIGN=MIDDLE><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&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: Director<BR>
</FONT>
</TD>
</TR>
</TABLE>
<BR>
<BR>
<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR>
<TD WIDTH=45% VALIGN=TOP>
<FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>
</TD>
<TD WIDTH=55% VALIGN=MIDDLE><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
&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/ Art Bensler&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Art Bensler<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Corporate Secretary
</FONT>
</TD>
</TR>
</TABLE>
<BR>
<BR>
<BR>

<!-- MARKER PAGE="sheet: 4; page: 4" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>
<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Default" -->
<A NAME=A032></A>




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



<TABLE BORDER="1" CELLPADDING="2" CELLSPACING="2" WIDTH="760" ALIGN="CENTER">
<TR VALIGN="TOP">
     <TH WIDTH="34%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date of Sale
</FONT></TH>
     <TH WIDTH="33%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Number of Shares
</FONT></TH>
     <TH WIDTH="33%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Average Sale Price in DKK
</FONT></TH></TR>

<TR VALIGN="TOP">
     <TD WIDTH="34%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">05/21/2004
</FONT></TD>
     <TD WIDTH="33%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">2,600
</FONT></TD>
     <TD WIDTH="33%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">165.000
</FONT></TD></TR>


<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">05/24/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">6,900
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">162.315
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">06/01/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">12,000
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">148.290
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">06/02/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">19,000
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">151.690
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">06/03/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">4,050
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">150.010
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">06/04/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">950
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">151.000
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">06/08/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">25,200
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">150.094
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">06/09/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">1,200
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">151.000
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">06/24/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">15,000
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">146.000
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">06/28/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">5,000
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">149.000
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">06/29/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">2,900
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">150.000
</FONT></TD></TR>

  <TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">06/30/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">31,500
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">150.050
</FONT></TD></TR>

 <TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">07/01/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">59,250
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">151.430
</FONT></TD></TR>

 <TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">07/02/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">2,000
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">151.000
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">07/06/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">12,000
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">151.375
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> 07/08/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">8,000
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">152.000
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">07/12/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">44,750
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">152.560
</FONT></TD></TR>

<TR VALIGN="TOP">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">07/13/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">25,000
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">154.000
</FONT></TD></TR>

<TR VALIGN="MIDDLE">
     <TD WIDTH="35%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">07/14/2004
</FONT></TD>
     <TD WIDTH="40%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT  FACE="Times New Roman, Times, Serif" SIZE="2">2,000
</FONT></TD>
     <TD WIDTH="25%" ALIGN="CENTER" VALIGN="MIDDLE"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">150.000
</FONT></TD></TR>



</TABLE>
<BR>
<BR>
<BR>
<BR>

</BODY>
</HTML>

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