EXHIBIT 23.3


                  CONSENT OF INDEPENDENT CHARTERED ACCOUNTANTS



We consent to the reference to our firm under the caption "Experts" in the
Registration Statement (Form F-3 _____) and related Prospectus of Teekay
Shipping Corporation ("Teekay") for the registration of up to $500,000,000 of
its common stock, preferred stock, warrants, stock purchase contracts, stock
purchase units or debt securities and to the incorporation by reference therein
of our report dated February 8, 2002, with respect to the consolidated financial
statements and schedule of Teekay and its subsidiaries included in its Annual
Report (Form 20-F) for the fiscal year ended December 31, 2001, filed with the
Securities and Exchange Commission.




Vancouver, Canada,                                        /s/  Ernst & Young LLP
                                                          ----------------------
January 14, 2003                                          Chartered Accountants