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
SHIPPING AND A.P. MOLLER - MAERSK ESTABLISH SWIFT TANKERS
|
Nassau,
The Bahamas, December 4, 2006
- Teekay
Shipping Corporation (NYSE: TK) and A.P. Moller - Maersk A/S (A.P.
Moller-Maersk) (CSE: MAERSK A and MAERSK B), today announced an agreement
to
form Swift Tankers, a Pool of Intermediate Product Tankers.
The
management company, named Swift Tankers Ltd (Swift Tankers), will provide
safe
and flexible solutions to customers by offering a large, homogenous fleet
of
double hull, ice class Product Tankers of 10,000 to 20,000 dwt.
Swift
Tankers will undertake all daily commercial and operational tasks, including
fixing vessels, voyage execution, post-fixture operations, and demurrage
and
claims procedures.
“With
an
initial combined fleet of more than 20 vessels, Swift Tankers will meet the
immediate needs of our customers for quality tonnage that carry a broad range
of
cargoes from petroleum products to chemicals, and with the planned growth
by
both partners, we will be able to offer a uniquely flexible transportation
solution” said Kristian Morch, Group Senior Vice President, A.P. Moller -
Maersk.
“Swift
Tankers will offer a high degree of versatility through an interchangeable
and
reliable fleet, matching preferred dates and positions for spot business
and
tailor-made volume contracts.”
Paul
Wogan, President of Teekay Tanker Services, said “We are excited to be able to
further grow our position in the intermediate segment with a company of the
standing of A.P. Moller- Maersk, who shares our commitment to quality,
commercial business values and strong customer focus.”
“The
joint venture will be dedicated to strengthening service to both long standing
and new customers while exploring global trading opportunities."
Swift
Tankers will be managed and staffed jointly by employees from A.P. Moller
-
Maersk and Teekay. The Pool will be headquartered in Copenhagen, Denmark
at
Maersk Tankers’ existing premises supplemented by a regional office at the
Teekay offices in Stavanger, Norway. It is expected that Swift Tankers will
be
fully operational in January 2007. The Managing Director of the Pool will
be Mr.
Kristian Lohmann.
For
more
information on Swift Tankers, please visit www.swifttankers.com.
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.
For
more
information on Teekay, please visit www.teekay.com.
About
A.P. Moller - Maersk
The
A.P.
Moller - Maersk Group has more than 110,000 employees in more than 125 countries
around the world. A.P. Moller - Maersk operates about 1,000 vessels half
of
which are owned. The fleet includes container vessels, tankers, gas carriers,
car carriers and supply vessels as well as special vessels, drilling rigs
and
salvage vessels, tugs and special-purpose vessels. Besides shipping, the
A.P.
Moller - Maersk Group is engaged in exploration for and production of oil
and
gas, shipbuilding, supermarkets, and industry
For
more
information on A.P. Moller - Maersk, please visit www.maersktankers.com
or
www.maersk.com
For
Media enquiries please contact:
Kristian
V. Morch, Maersk Tankers
Tel:
+45
33634812 or mobile +45 20314812
email:
kristian.morch@maersk.com
Jennifer
Horner, Teekay Shipping
Tel:
+ 1
(604) 844-6631
Forward
Looking Statement
This
release contains forward-looking statements (as defined in Section 21E of
the
Securities Exchange Act of 1934, as amended) which reflect Teekay management’s
current views with respect to certain future events and performance, including
statements regarding; the ability to grow in the intermediate product tanker
segment. The following factors are among those that could cause actual results
to differ materially from the forward-looking statements, which involve risks
and uncertainties, and that should be considered in evaluating any such
statement: changes in production of or demand for oil, petroleum and chemical
products, either generally or in particular regions; greater or less than
anticipated levels of tanker newbuilding orders or greater or less than
anticipated rates of tanker scrapping; changes in trading patterns significantly
affecting overall vessel tonnage requirements; changes in applicable industry
laws and regulations and the timing of implementation of new laws and
regulations; changes in the typical seasonal variations in tanker charter
rates;
the potential for termination of the pool by one of the venturers; and other
factors discussed in Teekay’s filings from time to time with the SEC, including
its Report on Form 20-F for the fiscal year ended December 31, 2005. Teekay
expressly disclaims any obligation or undertaking to release publicly any
updates or revisions to any forward-looking statements contained herein to
reflect any change in Teekay’s expectations with respect thereto or any change
in events, conditions or circumstances on which any such statement is
based.
-
end -