UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
6-K
Report
of
Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
Date
of
report: December 4, 2006
Commission
file number 1- 12874
TEEKAY
SHIPPING CORPORATION
(Exact
name of Registrant as specified in its charter)
Bayside
House
Bayside
Executive Park
West
Bay
Street & Blake Road
P.O.
Box
AP-59212, Nassau, Bahamas
(Address
of principal executive office)
[Indicate
by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.]
| Form 20- F |
X
|
Form
40- F
|
|
[Indicate
by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):_______]
|
Yes
|
No
|
X
|
[Indicate
by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):_______]
|
Yes
|
No
|
X
|
[Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.]
|
Yes
|
No
|
X
|
[If
“Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b):82-_______]
Item
1 - Information Contained in this Form 6-K Report
Attached
as Exhibit I is a copy of an announcement of Teekay Shipping Corporation
(the
“Company”), dated December 4, 2006.
THIS
REPORT ON FORM 6-K IS HEREBY INCORPORATED BY REFERENCE INTO THE FOLLOWING
REGISTRATION STATEMENTS OF THE COMPANY.
•
REGISTRATION STATEMENT ON FORM F-3 (NO. 33-97746) FILED WITH THE SEC ON OCTOBER
4, 1995;
•
REGISTRATION STATEMENT ON FORM S-8 (NO. 333-42434) FILED WITH THE SEC ON
JULY
28, 2000;
•
REGISTRATION STATEMENT ON FORM F-3 (NO. 333-102594) FILED WITH THE SEC ON
JANUARY 17, 2003; AND
•
REGISTRATION STATEMENT ON FORM S-8 (NO. 333-119564) FILED WITH THE SEC ON
OCTOBER 6, 2004
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
|
Date:
December 4, 2006
|
TEEKAY
SHIPPING CORPORATION
By: /s/
Vince Lok
Vince
Lok
Senior
Vice President and Chief Financial Officer
(Principal
Financial and Accounting Officer)
|
EXHIBIT
I
 |
TEEKAY
SHIPPING CORPORATION
Bayside
House, Bayside Executive Park, West Bay Street & Blake
Road
P.O.
Box AP-59212, Nassau,
Bahamas
|
NEWS
RELEASE
|
TEEKAY
OFFSHORE PARTNERS L.P. FILES FOR INITIAL PUBLIC
OFFERING
|
Nassau,
The Bahamas - December 4, 2006
- Teekay
Shipping Corporation (Teekay)
(NYSE:
TK) announced today that its wholly-owned subsidiary, Teekay Offshore Partners
L.P., has filed a registration statement with the U.S. Securities and Exchange
Commission for an initial public offering of its common units. The offering
currently is scheduled to include 7,000,000 common units, representing a 35.0%
limited partner interest, and to increase to 8,050,000 common units if the
underwriters exercise in full their over-allotment option. The common units
have
been approved for listing on the New York Stock Exchange, subject to official
notice of issuance, under the symbol "TOO".
Teekay
Offshore Partners L.P., a Marshall Islands partnership recently formed by
Teekay, will be an international provider of marine transportation and storage
services to the offshore oil industry. Immediately following the closing of
the
offering, Teekay Offshore Partners will own a 26.0% interest in and control
Teekay Offshore Operating L.P., a Marshall Islands limited partnership that
will
have a fleet of 36 shuttle tankers, four floating storage and offtake units
and
nine conventional crude oil Aframax tankers. Teekay Offshore Partners L.P.
will
also have rights to participate in certain floating production, storage and
offloading opportunities involving Teekay Petrojarl ASA.
Citigroup
Corporate and Investment Banking and Merrill Lynch & Co. will act as joint
book-running managers and as representatives of the underwriters, who will
include Morgan Stanley, A.G. Edwards, Deutsche Bank Securities, Raymond James,
Simmons & Company International, DnB NOR Markets and Fortis Securities. A
written prospectus meeting the requirements of Section 10 of the Securities
Act
of 1933, when available, may be obtained from Citigroup Corporate and Investment
Banking, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New
York,
11220, Attention: Prospectus Department; fax: 718-765-6734; phone: 718-765-6732;
or Merrill Lynch & Co., 4 World Financial Center, Attention: Prospectus
Department, New York, New York, 10080; phone: 212-449-1000.
A
registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. The
securities may not be sold, nor may offers to buy be accepted, prior to the
time
the registration statement becomes effective. This news release does not
constitute an offer to sell or the solicitation of an offer to buy any
securities issuable pursuant to the registration statement, nor will there
be
any sale of these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.
The
statements in this press release that are not historical facts may be
forward-looking statements. These forward-looking statements involve risks
and
uncertainties that could cause the outcome to be materially
different.
About
Teekay
Teekay
Shipping Corporation transports more than 10 percent of the world’s seaborne oil
and has expanded into the liquefied natural gas shipping sector through its
publicly-listed subsidiary, Teekay LNG Partners L.P. (NYSE: TGP). With a fleet
of over 145 tankers, offices in 17 countries and 5,100 seagoing and shore-based
employees, Teekay provides a comprehensive set of marine services to the world’s
leading oil and gas companies, helping them seamlessly link their upstream
energy production to their downstream processing operations. Teekay’s reputation
for safety, quality and innovation has earned it a position with its customers
as The Marine Midstream Company.
Teekay’s
common stock is listed on the New York Stock Exchange where it trades under
the
symbol “TK”.
For
Investor Relations enquiries contact:
Scott
Gayton
Tel:
+ 1
(604) 844-6654
For
Media enquiries contact:
Kim
Barbero
Tel:
+ 1
(604) 609-4703
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end -