<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-31-2000 <PERIOD-START> JAN-01-2000 <PERIOD-END> MAR-31-2000 <CASH> 238,694 <SECURITIES> 0 <RECEIVABLES> 40,443 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 310,308 <PP&E> 2,244,790 <DEPRECIATION> 614,828 <TOTAL-ASSETS> 1,988,367 <CURRENT-LIABILITIES> 129,358 <BONDS> 1,007,970 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 428,841 <OTHER-SE> 415,886 <TOTAL-LIABILITY-AND-EQUITY> 1,988,367 <SALES> 0 <TOTAL-REVENUES> 120,067 <CGS> 0 <TOTAL-COSTS> 82,299 <OTHER-EXPENSES> 2,161 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> (19,989) <INCOME-PRETAX> 19,940 <INCOME-TAX> 0 <INCOME-CONTINUING> 19,940 <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 19,940 <EPS-BASIC> 0.52 <EPS-DILUTED> 0.52