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                                                                     EXHIBIT 8.6



Teekay Shipping Corporation
TK House, Bayside Executive Park
West Bay and Blake Road
P.O.Box AP-59213
Nassau
COMMONWEALTH OF THE BAHAMAS


Your ref:         Our ref:             Lawyer in charge:      Date:
                  tso07004.b01/TVE     Rolf Johan Ringdal     Oslo, 11 July 2001




REGISTRATION STATEMENT ON FORM F-4 - NORWEGIAN LEGAL OPINION

We act as special Norwegian counsel for Teekay Shipping Corporation (the
"Company") in matters pertaining to Norwegian law in connection with the
Registration Statement on Form F-4 filed by the Company (the "Registration
Statement") with the Securities and Exchange Commission pursuant to the
Securities Act of 1933, as amended, and the rules and regulations thereunder, in
connection with the exchange offering by the Company of an aggregate principal
amount of $250,000,000 of the Company's 8.875% Senior Notes due 2011 (the
"Notes"). The Notes are being issued under the indenture dated as of June 22,
2001 (the "Indenture") between the Company and U.S. Trust Company of Texas,
N.A., as trustee. You have asked us to render our opinion as to the matters
hereinafter set forth.

For the purpose of rendering this opinion we have examined the Registration
Statement, the prospectus which forms part of the Registration Statement (the
"Prospectus") and such publicly available documents in relation to the corporate
existence of Ugland Nordic Shipping ASA ("UNS"), Ugland Nordic Investment AS
(together the "Corporations"), KS Nordic Laurita, KS Bona Fortuna, KS Bona
Freighter, KS Nordic Akarita and KS Nordic Apollo (collectively the
"Partnerships", and together with the Corporations the "Companies") as we have
deemed necessary.

In rendering this opinion we have assumed that documents submitted to us as
copies conform to the originals thereof, and all signatures thereon are
authentic.

We express no opinion as to the laws of any jurisdiction other than those of the
Kingdom of Norway in force and effect as at the date hereof.

Based on the foregoing and subject to the qualifications set out herein, we are
of the opinion that the statements in the Prospectus under the captions
"Business-Taxation of

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Teekay - Norwegian Taxation" insofar as such statements constitute summaries of
the legal matters, documents or proceedings referred to therein, fairly present
the information called for with respect to such legal matters, documents and
proceedings and fairly summarize the matters referred to therein.

We consent to the reference of our Firm under the captions "Business-Taxation of
Teekay - Norwegian Taxation" and "Legal Matters" in the Registration Statement
and the related Prospectus, and to the use of this opinion as an exhibit to the
Registration Statement.

The Opinions given herein are as of the date hereof, and we assume no obligation
to update or supplement this opinion to reflect any facts of circumstances which
may hereafter come to our attention or to any changes in law which may occur.

This Opinion is strictly limited to the matters set out above, and is not to be
extended by implication to any of the matters. This Opinion is furnished by us
for the benefit of the Company and may not be relied upon by any other person or
entity for any other purpose without the prior written permission of the
undersigned.


Yours sincerely,
BUGGE, ARENTZ-HANSEN & RASMUSSEN

/s/ Terje Sommer

Terje Sommer