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: November 1, 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 November 1, 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:
November 1, 2006
|
TEEKAY
SHIPPING CORPORATION
By: /s/
Peter
Evensen
Peter
Evensen
Executive
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
ANNOUNCES KEY MANAGEMENT
APPOINTMENTS
|
Nassau,
The Bahamas, November 1, 2006 - Teekay Shipping Corporation (Teekay
or
the
Company)
(NYSE:
TK) today announced that its current Executive Vice President and Chief
Financial Officer, Peter Evensen, has been appointed to the newly-created
position of Executive Vice President and Chief Strategy Officer, and its Senior
Vice President and Treasurer, Vince Lok, has been appointed to the position
of
Senior Vice President and Chief Financial Officer. These changes will take
place
with immediate effect.
“Peter
Evensen and Vince Lok have been important contributors to Teekay’s success. I am
pleased to announce these well-deserved promotions which directly support our
ambitious growth plans, and ensure we have the leadership structure to continue
our progress,” commented Bjorn Moller, Teekay’s President and Chief Executive
Officer. Mr. Moller continued, “In his new role, Mr. Evensen will work closely
with me to support the development of our existing business segments, as well
as
identify and pursue new opportunities for Teekay. He will also continue to
contribute to Teekay’s financial strategy.”
As
Teekay’s new Chief Financial Officer, Mr. Lok will assume leadership of the
Company’s financial operations. Mr. Lok has been with Teekay for over 13 years
and during that time has held a number of senior finance and accounting
positions, including Controller from 1997 until his promotion to the position
of
Vice President, Finance in March 2002. Most recently, Mr. Lok has served as
Teekay’s Senior Vice President and Treasurer. Prior to joining Teekay, Mr. Lok
worked in the audit practice of Deloitte & Touche.
“Mr.
Lok
has been an integral member of Teekay’s senior management team for the last
three years and during that time has been a leader in all aspects of Teekay’s
financial activities,” commented Mr. Moller. “Mr. Lok and his team will further
build on Teekay’s financial achievements and support the Company’s growth
plans.”
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
Web
site:
www.teekay.com
-
end -