EXHIBIT 8.1
LISTING OF SUBSIDIARIES
| The following is a list of the Company’s subsidiaries as at December 31, 2018, excluding certain subsidiaries that in aggregate are not significant. |
| Name of Subsidiary | State or Jurisdiction of Incorporation | Proportion of Ownership Interest |
| African Spirit L.L.C. | Marshall Islands | 33.1% |
| Al Areesh Inc. | Marshall Islands | 23.2% |
| Al Areesh L.L.C. | Marshall Islands | 23.2% |
| Al Daayen Inc. | Marshall Islands | 23.2% |
| Al Daayen L.L.C. | Marshall Islands | 23.2% |
| Al Marrouna Inc. | Marshall Islands | 23.2% |
| Al Marrouna L.L.C. | Marshall Islands | 23.2% |
| Alexander Spirit L.L.C. | Marshall Islands | 33.1% |
| Alliance Chartering Pty Ltd. | Australia | 100.0% |
| Americas Spirit L.L.C. | Marshall Islands | 28.8% |
| Arctic Spirit L.L.C. | Marshall Islands | 33.8% |
| Ashkini Spirit L.L.C. | Marshall Islands | 28.8% |
| Asian Spirit L.L.C. | Marshall Islands | 33.1% |
| Athens Spirit L.L.C. | Marshall Islands | 28.8% |
| Atlanta Spirit L.L.C. | Marshall Islands | 28.8% |
| Australian Spirit L.L.C. | Marshall Islands | 28.8% |
| Australian Tankship Agency Pty. Ltd. | Australia | 100.0% |
| Axel Spirit L.L.C. | Marshall Islands | 28.8% |
| Banff L.L.C. | Marshall Islands | 100.0% |
| Barcelona Spirit L.L.C. | Marshall Islands | 28.8% |
| Beijing Spirit L.L.C. | Marshall Islands | 28.8% |
| C VLCC L.L.C. | Marshall Islands | 100.0% |
| Creole Spirit L.L.C. | Marshall Islands | 33.1% |
| DHJS 2007-001 L.L.C. | Marshall Islands | 33.8% |
| DHJS 2007-002 L.L.C. | Marshall Islands | 33.8% |
| Dilong Spirit L.L.C. | Marshall Islands | 28.8% |
| DMSE Option Vessel No.1 L.L.C. | Marshall Islands | 33.7% |
| DMSE Option Vessel No.2 L.L.C. | Marshall Islands | 33.7% |
| DMSE Option Vessel No.3 L.L.C. | Marshall Islands | 33.7% |
| Donegal Spirit L.L.C. | Marshall Islands | 28.8% |
| DSME Hull No. 2411 L.L.C. | Marshall Islands | 33.1% |
| DSME Hull No. 2416 L.L.C. | Marshall Islands | 33.8% |
| DSME Hull No. 2417 L.L.C. | Marshall Islands | 33.8% |
| DSME Hull No. 2461 L.L.C. | Marshall Islands | 33.1% |
| Erik Spirit L.L.C. | Marshall Islands | 28.8% |
| Esther Spirit L.L.C. | Marshall Islands | 28.8% |
| European Spirit L.L.C. | Marshall Islands | 33.1% |
| Everest Spirit Holding L.L.C. | Marshall Islands | 28.8% |
| Explorer Spirit L.L.C. | Marshall Islands | 28.8% |
| Galway Spirit L.L.C. | Marshall Islands | 28.8% |
| Ganges Spirit L.L.C. | Marshall Islands | 28.8% |
| Gemini Pool L.L.C. | Marshall Islands | 100.0% |
| Godavari Spirit L.L.C. | Marshall Islands | 28.8% |
| Golar-Nor (UK) Limited | United Kingdom | 100.0% |
| H.H.I. Hull No. S856 LLC | Marshall Islands | 33.1% |
| H.H.I. Hull No. S857 LLC | Marshall Islands | 33.1% |
| Halo Fenders L.L.C. | Marshall Islands | 28.8% |
| Helga Spirit L.L.C. | Marshall Islands | 28.8% |
| Hugli Spirit L.L.C. | Marshall Islands | 28.8% |
| Hummingbird Holdings L.L.C. | Marshall Islands | 100.0% |
| Hummingbird Spirit L.L.C. | Marshall Islands | 100.0% |
| Iliad International AS | Norway | 100.0% |
| Iliad International Inc. | Marshall Islands | 100.0% |
| Iskmati Spirit L.L.C. | Marshall Islands | 28.8% |
| Jiaolong Spirit L.L.C. | Marshall Islands | 28.8% |
| Kanata Spirit Holding L.L.C. | Marshall Islands | 28.8% |
| Kareela Spirit Holding L.L.C. | Marshall Islands | 28.8% |
| Kaveri Spirit L.L.C. | Marshall Islands | 28.8% |
| Krepako Inc. | Marshall Islands | 100.0% |
| Krepanor AS | Norway | 100.0% |
| Kyeema Spirit Holding L.L.C. | Marshall Islands | 28.8% |
| Limerick Spirit L.L.C. | Marshall Islands | 28.8% |
| London Spirit L.L.C. | Marshall Islands | 28.8% |
| Los Angeles Spirit L.L.C. | Marshall Islands | 28.8% |
| Matterhorn Spirit L.L.C. | Marshall Islands | 28.8% |
| Montreal Spirit L.L.C. | Marshall Islands | 28.8% |
| Moscow Spirit L.L.C. | Marshall Islands | 28.8% |
| Nakilat Holdco L.L.C. | Marshall Islands | 23.2% |
| Narmada Spirit L.L.C. | Marshall Islands | 28.8% |
| Naviera Teekay Gas II, S.L. | Spain | 33.1% |
| Naviera Teekay Gas III, S.L. | Spain | 33.1% |
| Naviera Teekay Gas IV, S.L. | Spain | 33.1% |
| Naviera Teekay Gas, S.L. | Spain | 33.1% |
| Navigator Spirit L.L.C. | Marshall Islands | 28.8% |
| Oak Spirit L.L.C. | Marshall Islands | 33.1% |
| Petrojarl IV DA | Norway | 100.0% |
| Pinnacle Spirit L.L.C. | Marshall Islands | 28.8% |
| Polar Spirit L.L.C. | Marshall Islands | 33.8% |
| Polarc L.L.C. | Marshall Islands | 100.0% |
| Remora AS | Norway | 89.9% |
| Rio Spirit L.L.C. | Marshall Islands | 28.8% |
| Seoul Spirit L.L.C. | Marshall Islands | 28.8% |
| SGPC 1 Pte. Ltd. | Singapore | 33.8% |
| Shenlong Spirit L.L.C. | Marshall Islands | 28.8% |
| Sonoma L.L.C. | Marshall Islands | 33.8% |
| SPT Marine Transfer Services Ltd. | Bermuda | 28.8% |
| STX Hull No. S1672 L.L.C. | Marshall Islands | 28.8% |
| STX Hull No. S1673 L.L.C. | Marshall Islands | 28.8% |
| STX Hull No. S1674 L.L.C. | Marshall Islands | 28.8% |
| STX Hull No. S1675 L.L.C. | Marshall Islands | 28.8% |
| Summit Spirit L.L.C. | Marshall Islands | 28.8% |
| Sydney Spirit L.L.C. | Marshall Islands | 28.8% |
| T.I.L. Holdings Ltd. | Marshall Islands | 28.8% |
| T.I.L. I L.L.C. | Marshall Islands | 28.8% |
| T.I.L. II L.L.C. | Marshall Islands | 28.8% |
| T.I.L. III L.L.C. | Marshall Islands | 28.8% |
| T.I.L. IV L.L.C. | Marshall Islands | 28.8% |
| T.I.L. IX L.L.C. | Marshall Islands | 28.8% |
| T.I.L. V L.L.C. | Marshall Islands | 28.8% |
| T.I.L. VI L.L.C. | Marshall Islands | 28.8% |
| T.I.L. VII L.L.C. | Marshall Islands | 28.8% |
| T.I.L. VIII L.L.C. | Marshall Islands | 28.8% |
| T.I.L. X L.L.C. | Marshall Islands | 28.8% |
| T.I.L. XI L.L.C. | Marshall Islands | 28.8% |
| T.I.L. XII L.L.C. | Marshall Islands | 28.8% |
| T.I.L. XIII L.L.C. | Marshall Islands | 28.8% |
| T.I.L. XIV L.L.C. | Marshall Islands | 28.8% |
| Taizhou Hull No. WZL 0501 L.L.C. | Marshall Islands | 33.8% |
| Taizhou Hull No. WZL 0502 L.L.C. | Marshall Islands | 33.8% |
| Taizhou Hull No. WZL 0503 L.L.C. | Marshall Islands | 33.8% |
| Tangguh Hiri Finance Limited | United Kingdom | 23.7% |
| Tangguh Hiri Operating Limited | United Kingdom | 23.7% |
| Tangguh Sago Finance Limited | United Kingdom | 23.7% |
| Tangguh Sago Operating Limited | United Kingdom | 23.7% |
| Tanker Investments Ltd. | Marshall Islands | 28.8% |
| Taurus Tankers L.L.C. | Marshall Islands | 28.8% |
| Teekay Acquisition Holdings L.L.C. | Marshall Islands | 100.0% |
| Teekay BLT Corporation | Marshall Islands | 23.7% |
| Teekay BLT Finance Corporation | Marshall Islands | 23.7% |
| Teekay Bulkers Investments Ltd. | Marshall Islands | 100.0% |
| Teekay Bulkers Management Services Ltd. | Marshall Islands | 100.0% |
| Teekay Business Process Services, Inc. | Philippines | 100.0% |
| Teekay Chartering Limited | Marshall Islands | 28.8% |
| Teekay Crewing Services Pty Ltd. | Australia | 100.0% |
| Teekay Cyprus Limited | Cyprus | 100.0% |
| Teekay Delaware Chartering Services L.L.C. | USA | 100.0% |
| Teekay Finance Limited | Bermuda | 100.0% |
| Teekay Gas Group Ltd. | Marshall Islands | 33.1% |
| Teekay GP L.L.C. | Marshall Islands | 100.0% |
| Teekay Guardian L.L.C. | Marshall Islands | 28.8% |
| Teekay Holdings Australia Pty Ltd. | Australia | 100.0% |
| Teekay Holdings Limited | Bermuda | 100.0% |
| Teekay Hummingbird Production Limited | United Kingdom | 100.0% |
| Teekay II Iberia, S.L. | Spain | 33.1% |
| Teekay International Ship Chartering Services Inc. | Barbados | 100.0% |
| Teekay Lightering Services L.L.C. | Marshall Islands | 100.0% |
| Teekay LNG Bahrain Operations L.L.C. | Bahrain | 33.0% |
| Teekay LNG Chartering L.L.C | Marshall Islands | 33.1% |
| Teekay LNG Finance Corp. | Marshall Islands | 33.1% |
| Teekay LNG Finco L.L.C. | Marshall Islands | 33.1% |
| Teekay LNG Holdco L.L.C. | Marshall Islands | 33.8% |
| Teekay LNG Holdings L.P. | USA | 33.8% |
| Teekay LNG Operating L.L.C. | Marshall Islands | 33.1% |
Teekay LNG Partners L.P. (1) | Marshall Islands | 33.1% |
| Teekay LNG Project Services L.L.C. | Marshall Islands | 33.1% |
| Teekay LNG US G.P. L.L.C. | Marshall Islands | 33.1% |
| Teekay Luxembourg S.A.R.L. | Luxembourg | 33.1% |
| Teekay Marine (Singapore) Pte. Ltd. | Singapore | 28.8% |
| Teekay Marine Holdings Ltd. | Marshall Islands | 28.8% |
| Teekay Marine Ltd. | Marshall Islands | 28.8% |
| Teekay Marine Pty Ltd. | Australia | 100.0% |
| Teekay Marine Resources Pty Ltd. | Australia | 100.0% |
| Teekay Marine Solutions (Bermuda) Ltd. | Bermuda | 28.8% |
| Teekay Marine Solutions Inc. | USA | 28.8% |
| Teekay Marine Solutions Ltd. | United Kingdom | 28.8% |
| Teekay Multigas Malta Limited | Malta | 33.8% |
| Teekay Multigas Pool L.L.C. | Marshall Islands | 33.8% |
| Teekay Nakilat (II) Limited | United Kingdom | 23.2% |
| Teekay Nakilat (III) Holdings Corporation | Marshall Islands | 33.1% |
| Teekay Nakilat Corporation | Marshall Islands | 23.2% |
| Teekay Nakilat Holdings Corporation | Marshall Islands | 33.1% |
| Teekay Nakilat Replacement Purchaser L.L.C. | Marshall Islands | 23.2% |
| Teekay Petrojarl Floating Production (UK) Ltd. | United Kingdom | 100.0% |
| Teekay Petrojarl Offshore L.L.C. | Marshall Islands | 100.0% |
| Teekay Petrojarl GP L.L.C. | Marshall Islands | 100.0% |
| Teekay Petrojarl Production AS | Norway | 100.0% |
| Teekay Servicios Maritimos, S.L. | Spain | 33.1% |
| Teekay Shipbuilding Supervision Services L.L.C. | Marshall Islands | 100.0% |
| Teekay Shipping (Australia) Pty Ltd. | Australia | 100.0% |
| Teekay Shipping (Barbados) Ltd. | Barbados | 100.0% |
| Teekay Shipping (Canada) Ltd. | Canada | 100.0% |
| Teekay Shipping (Glasgow) Ltd. | United Kingdom | 100.0% |
| Teekay Shipping (India) Private Limited | India | 100.0% |
| Teekay Shipping (Singapore) Pte. Ltd | Singapore | 100.0% |
| Teekay Shipping (UK) Ltd. | United Kingdom | 100.0% |
| Teekay Shipping (USA) Inc. | USA | 100.0% |
| Teekay Shipping Limited | Bermuda | 100.0% |
| Teekay Shipping Philippines Inc. | Philippines | 25.0% |
| Teekay Shipping Services, Inc | USA | 100.0% |
| Teekay Shipping Spain, S.L. | Spain | 33.1% |
| Teekay Spain, S.L. | Spain | 33.1% |
| Teekay Tangguh Borrower L.L.C. | Marshall Islands | 33.8% |
| Teekay Tangguh Holdings Corporation | Marshall Islands | 33.8% |
| Teekay Tanker Operations Ltd. | Marshall Islands | 28.8% |
| Teekay Tankers Chartering L.L.C. | Marshall Islands | 28.8% |
| Teekay Tankers Holdings Ltd. | Marshall Islands | 28.8% |
| Teekay Tankers HZ Hull No. H 1586 L.L.C. | Marshall Islands | 28.8% |
| Teekay Tankers HZ Hull No. H 1587 L.L.C. | Marshall Islands | 28.8% |
| Teekay Tankers HZ Hull No. H 1592 L.L.C. | Marshall Islands | 28.8% |
| Teekay Tankers HZ Hull No. H 1593 L.L.C. | Marshall Islands | 28.8% |
| Teekay Tankers HZ Hull No. S-1415 L.L.C. | Marshall Islands | 28.8% |
Teekay Tankers Ltd. (2) | Marshall Islands | 28.8% |
| Teekay Tankers TS Hull No. S-1415 L.L.C. | Marshall Islands | 28.8% |
| Teekay Workboats L.L.C. | USA | 28.8% |
| Teesta Spirit L.L.C. | Marshall Islands | 28.8% |
| Tianlong Spirit L.L.C. | Marshall Islands | 28.8% |
| Tokyo Spirit L.L.C. | Marshall Islands | 28.8% |
| TPO Investments AS | Norway | 100.0% |
| TPO Investments Inc. | Marshall Islands | 100.0% |
| Ugland Stena Storage AS | Norway | 100.0% |
| VLCC A Investment L.L.C. | Marshall Islands | 28.8% |
| VLCC B Investment L.L.C. | Marshall Islands | 28.8% |
| VLCC C Investment L.L.C. | Marshall Islands | 100.0% |
| VSSI Guaranty L.L.C. | USA | 100.0% |
| Wilforce L.L.C. | Marshall Islands | 33.8% |
| Wilpride L.L.C. | Marshall Islands | 33.8% |
| Yamuna Spirit L.L.C. | Marshall Islands | 28.8% |
| Zenith Spirit L.L.C. | Marshall Islands | 28.8% |
| Zhonghua Hull No. 451 L.L.C. | Marshall Islands | 33.8% |
| (1) | The partnership is controlled by its general partner. Teekay Corporation has a 100% beneficial ownership in the general partner. In limited cases, approval of a majority or supermajority of the common unitholders (in some cases excluding units held by the general partner and its affiliates) is required to approve certain actions. |
| (2) | Proportion of voting power held is 54.1%. |