<SEC-DOCUMENT>0000945234-05-000227.txt : 20120622
<SEC-HEADER>0000945234-05-000227.hdr.sgml : 20120622
<ACCEPTANCE-DATETIME>20050331171916
ACCESSION NUMBER:		0000945234-05-000227
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20050331
DATE AS OF CHANGE:		20050331

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/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-45313
		FILM NUMBER:		05721844

	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:			RESOLUTE INVESTMENTS INC
		CENTRAL INDEX KEY:			0001211679
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		TK HOUSE BAYSIDE EXECUTIVE PARK
		STREET 2:		WEST BAY STREET & BLAKE ROAD
		CITY:			NASSAU BAHAMAS
		STATE:			C5
		ZIP:			00000
		BUSINESS PHONE:		2425028880

	MAIL ADDRESS:	
		STREET 1:		TK HOUSE BAYSIDE EXECUTIVE PARK
		STREET 2:		WEST BAY STREET & BLAKE ROAD
		CITY:			NASSAU BAHAMAS
		STATE:			C5
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>o16225sc13dza.htm
<DESCRIPTION>SCHEDULE 13D/A AMENDMENT ONE
<TEXT>
<HTML>
<HEAD>
<TITLE>Schedule 13D/A Amendment One</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
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<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B><BR>
<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B></DIV>
<P align="center" style="font-size: 18pt"><B>SCHEDULE 13D/A<BR>
(Amendment No. 1)</B>

<P align="center"><B>Under the Securities Exchange Act of 1934</B>

<P><DIV align="center" style="font-size: 24pt">Teekay Shipping Corporation</DIV>
<HR size="1" noshade>
<DIV align="center" style="font-size: 10pt">(Name of Issuer)</DIV>

<P><DIV align="center" style="font-size: 10pt">Common Stock, $0.001 par value
per share<BR>
<HR size="1" noshade>
(Title of Class of Securities)</DIV>

<P><DIV align="center" style="font-size: 10pt">Y8564W 10 3<BR>
<HR size="1" noshade>
(CUSIP Number)</DIV>

<P> <DIV align="center" style="font-size: 10pt"> Arthur F. Coady, President,
Resolute Investments, Inc., TK House, Bayside Executive Park, West Bay Street &#038;
Blake Road,<BR>
P.O. Box AP 59214, Nassau, Bahamas, Tel: (242) 502-8880<BR>
<HR size="1" noshade>
(Name, Address and Telephone Number of Person Authorized to Receive Notices
and Communications)</DIV>
<P><DIV align="center" style="font-size: 10pt">February 1, 2005<BR>
<HR size="1" noshade>
(Date of Event Which Requires Filing of this Statement)</DIV>
<P align="left" style="font-size: 10pt">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
&#167;&#167;&nbsp;240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
<FONT face="wingdings" size="2">&#111;</FONT>

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<TABLE width="100%" border="0" cellspacing="0" cellpadding="4" style="font-size: 10pt">
<TR>
<TD width="4%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="3%">&nbsp;</TD>
<TD width="28%">&nbsp;</TD>
<TD width="14%">&nbsp;</TD>
<TD width="45%">&nbsp;</TD>
</TR>

<TR>
<TD colspan="5">CUSIP No. Y8564W 10 3 </td> <TD colspan="2" align="right">Page 2
of 5 </TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>1.</TD>
<TD valign=top colspan=3>Name of Reporting Person:<BR>Resolute Investments,
Inc.</TD>
<TD valign=top colspan=2>I.R.S. Identification Nos. of above persons (entities
only):<BR>
</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>2.</TD>
<TD valign=top colspan=5>Check the Appropriate Box if a Member of a Group (See
Instructions):</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD valign=top>(a)</TD>
<TD valign=top><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD valign=top colspan=3>&nbsp;</TD>
</TR>

<TR>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD valign=top>(b)</TD>
<TD valign=top><FONT face="wingdings" size="2">&#111;</FONT></TD>
<TD valign=top colspan=3>&nbsp;</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>3.</TD>
<TD valign=top colspan=5>SEC Use Only:</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>4.</TD>
<TD valign=top colspan=5>Source of Funds (See Instructions):<BR>OO</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>


<TR>
<TD>&nbsp;</TD>
<TD valign=top>5.</TD>
<TD valign=top colspan=5>Check if Disclosure of Legal Proceedings Is Required
Pursuant to Items 2(d) or 2(e): <FONT face="wingdings" size="2">&#111;</FONT>
</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR>
<TD>&nbsp;</TD>
<TD valign=top>6.</TD>
<TD valign=top colspan=5>Citizenship or Place of Organization:<BR>Bahamas</TD>
</TR>

<TR><TD colspan=7><HR noshade></TD></TR>

<TR><TD colspan="3" rowspan="8" align="center">Number
of<BR>Shares<BR>Beneficially<BR>Owned by<BR> Each Reporting<BR>Person
With</TD></TR>

<TR><TD valign=top>7.</TD>
<TD valign=top colspan=3>Sole Voting Power:<BR>32,631,380</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>8.</TD><TD valign=top colspan=3> Shared Voting
Power:<BR>-0-</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>9.</TD><TD valign=top colspan=3> Sole Dispositive
Power:<BR>32,631,380</TD></TR>

<TR><TD colspan=4><hr noshade></TD></TR>

<TR><TD valign=top>10.</TD><TD valign=top colspan=3>Shared Dispositive
Power:<BR>-0-</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>11.</TD><TD valign=top colspan=5>Aggregate Amount Beneficially
Owned by Each Reporting Person: <BR>32,631,380</TD>
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>12.</TD><TD valign=top colspan=5>Check if the Aggregate Amount in
Row (11) Excludes Certain Shares (See Instructions):<BR> <FONT face="wingdings"
size="2">&#111;</FONT> </TD>
</TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>13.</TD><TD valign=top colspan=5>Percent of Class Represented by
Amount in Row (11):<BR>39.1%</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>

<TR><TD>&nbsp;</TD>
<TD valign=top>14.</TD><TD valign=top colspan=5>Type of Reporting Person (See
Instructions):<BR>CO</TD></TR>

<TR><TD colspan=7><hr noshade></TD></TR>
</TABLE>

<P align="right" style="font-size: 10pt">2 of 5

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



<P align="left" style="font-size: 10pt"><B>Item&nbsp;1. Security and Issuer</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Schedule&nbsp;13D relates to shares of the common stock, $0.001 par value per share, of Teekay
Shipping Corporation, a corporation organized under the laws of the Republic of the Marshall
Islands (the &#147;Issuer&#148;), with principal executive offices at TK House, Bayside Executive Parks, West
Bay Street &#038; Blake Road, P.O. Box AP-59213, Nassau, Bahamas.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;2. Identity and Background</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Schedule&nbsp;13D relates to Resolute Investments, Inc., a corporation organized under the
laws of The Bahamas (the &#147;Reporting Person&#148;), with its principal executive offices at TK House,
Bayside Executive Park, West Bay Street &#038; Blake Road, P.O. Box AP- 59214, Nassau, Bahamas. In the
past five years, the Reporting Person has not 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.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Reporting Person is managed by Arthur F. Coady, a Director and its President, Bruce C. Bell, a
Director and its Vice President, C. Sean Day, a Director and its Chairman of the Board and Lindsey
J. Cancino, its Treasurer. The Reporting Person is entirely owned by The Kattegat Trust which has
as its trustee, The Kattegat Trust Company Limited, the directors of which are Axel Karlshoej,
Arthur Coady, Thomas K. Y. Hsu and Shigeru Matsui.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arthur F. Coady&#146;s residence address is P.O. Box N-7776, Resolute Road, Lyford Cay, N.P. Bahamas.
He is the Chairman of the Board of Oceanic Bank and Limited Trust, a Bahamian bank and trust
company whose address is TK House, Bayside Executive Park, P.O. Box &#150; AP 59213, Nassau, Bahamas.
In the past five years, Mr.&nbsp;Coady has not been convicted in a criminal proceeding or been a party
to any action as a result of which he 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. Mr.&nbsp;Coady is a citizen of Canada.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bruce C. Bell&#146;s residence address is P.O. Box &#150; N7776, Resolute Road, Lyford Cay, N.P. Bahamas. He
is Managing Director of Oceanic Bank and Trust Limited , a Bahamian bank and trust company whose
address is TK House, Bayside Executive Park, P.O. Box &#150; AP 59213, Nassau, Bahamas. Mr.&nbsp;Bell is
also a director of the Issuer. In the past five years, Mr.&nbsp;Bell has not been convicted in a
criminal proceeding or been a party to any action as a result of which he 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.
Mr.&nbsp;Bell is a citizen of Canada.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;C.&nbsp;Sean Day&#146;s business address is Three Pickwick Plaza, 2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> Floor, Greenwich,
Connecticut, USA 06830. Mr.&nbsp;Day is a director and Chairman of the Board of the Issuer. He is also
Chairman of the Board of Seagin International LLC, whose principal business is management
consultant and address is Three Pickwick Plaza, 2<SUP style="font-size: 85%; vertical-align: text-top">nd</SUP> Floor, Greenwich, Connecticut, USA
06830. In the past five years, Mr.&nbsp;Day has not been convicted in a criminal proceeding or been a
party to any action as a result of which he 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. Mr.&nbsp;Day is a citizen of the
United States of America.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axel Karlshoej&#146;s residence address is 725 Sanborn Rd., Yuba City, California, USA 95993. He is
President and a director of Nordic Industries, a California general construction firm whose address
is 1437 Furneaux Road, Marysville, California, USA, 95901. Mr.&nbsp;Karlshoej is also a director of the
Issuer. In the past five years, Mr.&nbsp;Karlshoej has not been convicted in a criminal proceeding or
been a party to any action as a result of which he is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or


<P align="right" style="font-size: 10pt">3 of 5
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt">mandating activities subject to federal or state
securities laws or finding any violation with respect to such laws. Mr.&nbsp;Karlshoej is a citizen of
the United States.



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thomas Kuo-Yuen Hsu&#146;s residence address is 9 Bryanston Square, London, England, W1H 2DJ. He is
Executive Director of Expedo &#038; Company (London) Ltd., which is part of the Expedo Group of
Companies that manages a fleet of vessels, and whose address is 40 George Street, London, England,
W1H 5RE. Mr.&nbsp;Hsu is also a director of the Issuer. In the past five years, Mr.&nbsp;Hsu has not been
convicted in a criminal proceeding or been a party to any action as a result of which he 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. Mr.&nbsp;Hsu is a citizen of the United Kingdom.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shigeru Matsui&#146;s residence address is 2-10 Okamoto 3-Chome, Setagaya-Ku, Tokyo, 157-0076. He is
president of Matsui &#038; Company, whose principal business is ship brokerage, and address is #1103
Urban Shinbashi Bldg, 5-1 Shinbashi 4-Chome, Minato-Ku, Tokyo, 105-0004, Japan. In the past five
years, Mr.&nbsp;Matsui has not been convicted in a criminal proceeding or been a party to any action as
a result of which he 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. Mr.&nbsp;Matsui is a citizen of Japan.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lindsey J. Cancino&#146;s resident address is P.O. Box SS-19375, #9 Nelson Street, Blair Estates,
Nassau, Bahamas. He is the chief financial officer of The Kattegat Trust Company Limited and also a
Director of Oceanic Bank And Trust Limited, a Bahamian bank and trust company whose address is TK
House, Bayside Executive Park, P.O. Box AP-59213, Nassau, Bahamas. In the past five years, Mr.
Cancino has not been convicted in a criminal proceeding or been a party to any action as a result
of which he 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. Mr.&nbsp;Cancino is a citizen of The Bahamas.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;3. Source and Amount of Funds or Other Consideration</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Reporting Person acquired the Issuer&#146;s securities from the previous beneficial owners,
Cirrus Trust and JTK Trust, pursuant to a reorganization of their holdings. Cirrus Trust and JTK
Trust are under the common supervision of Messrs.&nbsp;Karlshoej, Hsu, Matsui and Coady, the same
individuals who control the Reporting Person.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;4. Purpose of Transaction.</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Reporting Person acquired the Issuer&#146;s securities as part of the transaction described in
Item&nbsp;3 above for investment purposes. The Reporting Person has no plan or proposal that relates
to, or would result in, any of the items set forth in the instructions to this Item&nbsp;4 of Schedule
13D.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;5. Interest in Securities of the Issuer</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Reporting Person beneficially owns and has sole voting and dispositive power with respect
to 32,631,380 shares of the common stock of the Issuer, representing approximately 39.1% of the
Issuer&#146;s outstanding common stock. The Reporting Person sold 225,300 shares of the common stock of
the Issuer on November&nbsp;29, 2004 and an additional 174, 700 shares of the common stock of the Issuer
on February&nbsp;1, 2005. Before these sales the Reporting Person owned 33,031,380 shares of the common
stock of the Issuer, which effected a two-for-one stock split in May&nbsp;2004.


<P align="right" style="font-size: 10pt">4 of 5
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<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><B>Item&nbsp;6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are no contracts, arrangements, understandings or relationships (legal or otherwise)
involving the Reporting Person 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.


<P align="left" style="font-size: 10pt"><B>Item&nbsp;7. Material to Be Filed as Exhibits</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;None


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>SIGNATURE</B>


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


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;March&nbsp;30, 2005


<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">RESOLUTE INVESTMENTS, INC. <BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Arthur F. Coady
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Arthur F. Coady&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD colspan="2" align="left">Director and President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>


<P align="right" style="font-size: 10pt">5 of 5
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