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                                                                    EXHIBIT 15.1


July 10, 2001


Board of Directors
Teekay Shipping Corporation


We are aware of the inclusion in the Registration Statement (Form F-4 No.
33-0000) of Teekay Shipping Corporation for the registration of $250,000,000
Senior Notes due 2011 of our report dated April 26, 2001, relating to the
unaudited consolidated interim financial statements of Teekay Shipping
Corporation for the quarter ended March 31, 2001.

Pursuant to Rule 436(c) of the Securities Act of 1933 our reports are not part
of the registration statement prepared or certified by accountants within the
meaning of Section 7 or 11 of the Securities Act of 1933.