<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> 6-MOS <FISCAL-YEAR-END> DEC-31-1999 <PERIOD-START> APR-01-1999 <PERIOD-END> SEP-30-1999 <CASH> 148,826 <SECURITIES> 0 <RECEIVABLES> 21,992 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 200,286 <PP&E> 2,284,865 <DEPRECIATION> 600,027 <TOTAL-ASSETS> 1,919,093 <CURRENT-LIABILITIES> 106,350 <BONDS> 958,683 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 427,930 <OTHER-SE> 423,916 <TOTAL-LIABILITY-AND-EQUITY> 1,919,093 <SALES> 0 <TOTAL-REVENUES> 235,558 <CGS> 0 <TOTAL-COSTS> 76,845 <OTHER-EXPENSES> 139,930 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 26,710 <INCOME-PRETAX> (7,993) <INCOME-TAX> 0 <INCOME-CONTINUING> (7,993) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (7,993) <EPS-BASIC> (0.22) <EPS-DILUTED> (0.22)