<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM TEEKAY SHIPPING CORPORATION AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> APR-01-1999 <PERIOD-END> JUN-30-1999 <CASH> 168,418 <SECURITIES> 0 <RECEIVABLES> 21,584 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 216,771 <PP&E> 2,276,916 <DEPRECIATION> 576,073 <TOTAL-ASSETS> 1,951,345 <CURRENT-LIABILITIES> 106,760 <BONDS> 969,305 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 427,922 <OTHER-SE> 440,825 <TOTAL-LIABILITY-AND-EQUITY> 1,951,345 <SALES> 0 <TOTAL-REVENUES> 98,626 <CGS> 0 <TOTAL-COSTS> 27,707 <OTHER-EXPENSES> 58,988 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 10,738 <INCOME-PRETAX> 732 <INCOME-TAX> 0 <INCOME-CONTINUING> 732 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 732 <EPS-BASIC> 0.02 <EPS-DILUTED> 0.02