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<SEC-DOCUMENT>0000945234-05-000530.txt : 20050718
<SEC-HEADER>0000945234-05-000530.hdr.sgml : 20050718
<ACCEPTANCE-DATETIME>20050718134852
ACCESSION NUMBER:		0000945234-05-000530
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20050715
FILED AS OF DATE:		20050718
DATE AS OF CHANGE:		20050718

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:		05959019

	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>o17397be6vk.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<HTML>
<HEAD>
<TITLE>Press Release dated July 15, 2005</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>

<P align="center" style="font-size: 18pt"><B>FORM 6-K</B>


<P align="center" style="font-size: 10pt">Report of Foreign Private Issuer



<P align="center" style="font-size: 10pt">Pursuant to Rule&nbsp;13a-16 or 15d-16 of<BR>
the Securities Exchange Act of 1934



<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="10%" align="center" color="#000000">
Date of report: July&nbsp;15, 2005
</DIV>


<P align="center" style="font-size: 24pt"><B>TEEKAY SHIPPING CORPORATION</B>


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="80%" align="center" color="#000000">
(Exact name of Registrant as specified in its charter)</DIV>



<P align="center" style="font-size: 10pt">TK House<BR>
Bayside Executive Park<BR>
West Bay Street &#038; Blake Road<BR>
P.O. Box AP-59212, Nassau, The Bahamas


<DIV align="center" style="font-size: 10pt"><HR size="1" noshade width="50%" align="center" color="#000000">
(Address of principal executive office)</DIV>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#091;Indicate by check mark whether the registrant files or will file annual reports under cover
Form 20-F or Form 40-F.&#093;

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Form&nbsp;20-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Form&nbsp;40- F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#091;Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(1):<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&#093;

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#091;Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation&nbsp;S-T Rule&nbsp;101(b)(7):<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&#093;

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#091;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&nbsp;12g3-2(b) under
the Securities Exchange Act of 1934.&#093;

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="70%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Yes&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">No&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#254;</FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#091;If &#147;Yes&#148; is marked, indicate below the file number assigned to the registrant in connection
with Rule&nbsp;12g3-2(b):82-<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&#093;


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<!-- TOC -->
<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

<P><CENTER>
<TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
<TR>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="3%"></TD>
	<TD width="76%"></TD>
</TR>
<TR><TD colspan="9"><A HREF="#000">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#001">NEWS RELEASE</A></TD></TR>
</TABLE>
</CENTER>
<!-- /TOC -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>




<!-- link1 "SIGNATURES" -->
<DIV align="left"><A NAME="000"></A></DIV>

<P align="center" style="font-size: 10pt"><B>SIGNATURES</B>



<P align="left" style="font-size: 10pt">&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.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">TEEKAY SHIPPING CORPORATION<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">Date: July&nbsp;15, 2005&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>

<TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Arthur Bensler&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Arthur Bensler&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Senior Vice President,<BR>Secretary
and General Counsel</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center">
<TABLE style="font-size: 12pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="85%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="o17397bo1739701.gif" alt="(TEEKAY LOGO)">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>TEEKAY SHIPPING CORPORATION</B><BR>
<FONT style="font-size:8pt"><B>TK House, Bayside Executive Park, West Bay Street &#038; Blake Road<BR>
P.O. Box AP-59212, Nassau, Bahamas</B></FONT></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<!-- link1 "NEWS RELEASE" -->
<DIV align="left"><A NAME="001"></A></DIV>

<P align="center" style="font-size: 12pt"><B>NEWS RELEASE</B>



<P align="center" style="font-size: 10pt"><DIV style="border-bottom: 3px solid #000000; font-size: 1px">&nbsp;</DIV>



<P align="center" style="font-size: 12pt"><B>Peter S. Janson Joins Teekay Board as Leif H&#246;egh Steps Down</B>



<P align="center" style="font-size: 10pt"><DIV style="border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV>


<P align="left" style="font-size: 10pt">Nassau, The Bahamas, July&nbsp;15, 2005 &#151; Teekay Shipping Corporation (Teekay) announced today that
Mr.&nbsp;Peter S. Janson has accepted an invitation to join the Board of Directors of Teekay, effective
immediately.


<P align="left" style="font-size: 10pt">Mr.&nbsp;Janson has held a number of key leadership roles in the international engineering services
industry, including serving as the Chief Executive Officer of Agra, a publicly traded engineering
and construction company, and subsequently as Executive Director of North American operations for
Amec plc after Amec acquired Agra, a position he held until August&nbsp;2002. Prior to joining Agra,
Mr.&nbsp;Janson served as the Chief Executive Officer of US Operations for Asea Brown Boveri Inc. (ABB),
the global leader in power and automation technologies. Mr.&nbsp;Janson was President of Asea Inc. at
the time of its merger with BBC Brown Boveri in 1988, and was appointed to lead the creation of the
new company as President and CEO of ABB&#146;s Canadian operations. In that role he led the acquisitions
and integrations of both Westinghouse T&#038;D and Combustion Engineering into ABB. Mr.&nbsp;Janson has also
served as a member of the Business Round Table in the United States, and as a member of the
National Advisory Board on Science and Technology in Canada, reporting directly to the Prime
Minister. He currently serves as Vice Chairman of the Royal Ontario Museum as well as serving as
a Director of several other public companies.


<P align="left" style="font-size: 10pt">In welcoming Mr.&nbsp;Janson to the Board of Teekay, Mr.&nbsp;Sean Day, Chairman of Teekay&#146;s Board, said &#147;Mr.
Janson&#146;s outstanding career has taken him around the world, providing him with a solid
understanding of the challenges and opportunities that come with doing business in a global
economy. His extensive experience in the international engineering services industry will be
valuable as Teekay expands the services it provides to the oil and gas industry as The Marine
Midstream Company.&#148;


<P align="left" style="font-size: 10pt">Mr.&nbsp;Janson fills the vacancy on the Board of Directors created by the resignation of Leif H&#246;egh,
which became effective today. Mr.&nbsp;H&#246;egh joined the Teekay Board of Directors in June, 1999 at the
time Teekay acquired Bona Shipholding Limited. In his letter of resignation, Mr.&nbsp;H&#246;egh noted that
the recent entry of Teekay into the LNG transportation sector had created a conflict of interest
between the business of Teekay and the business of his family-controlled company, Leif H&#246;egh &#038; Co.,
which has been involved in the LNG transportation business for more than 30&nbsp;years through its
wholly-owned subsidiary, H&#246;egh LNG. Mr.&nbsp;Day noted that Mr.&nbsp;H&#246;egh&#146;s resignation had been accepted
with regret, as he had been a valued colleague on the Teekay Board and over the past six years had
made a significant contribution to the Company through his deep knowledge of the shipping industry
and his disciplined, analytical approach to the issues under consideration.



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">




<P align="left" style="font-size: 10pt"><B>About Teekay</B>


<P align="left" style="font-size: 10pt">Teekay Shipping Corporation transports more than 10&nbsp;percent of the world&#146;s seaborne oil and has
recently expanded into the liquefied natural gas shipping sector. With a fleet of more than 140
tankers, offices in 14 countries and 5,500 seagoing and shore-based employees, Teekay provides a
comprehensive set of marine services to the world&#146;s leading oil and gas companies, helping them
seamlessly link their upstream energy production to their downstream processing operations.
Teekay&#146;s reputation for safety, quality and innovation has earned it a position with its customers
as The Marine Midstream Company.


<P align="left" style="font-size: 10pt">Teekay&#146;s common stock is listed on the New York Stock Exchange where it trades under the symbol
&#147;TK&#148;.



<P align="center" style="font-size: 10pt">For Investor Relations enquiries contact:<BR>
Scott Gayton<BR>
Tel: &#043;1 (604)&nbsp;844-6654



<P align="center" style="font-size: 10pt">For Media enquiries contact:<BR>
Kim Barbero<BR>
Tel: &#043;1 (604)&nbsp;609-4703



<P align="center" style="font-size: 10pt">Web site: <U>www.teekay.com</U>




<P align="center" style="font-size: 10pt">&nbsp;
</DIV>


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