<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