<ARTICLE>                                                                   5
<LEGEND>
THIS SCHEDULE  CONTAINS  SUMMARY  FINANCIAL  INFORMATION  EXTRACTED  FROM TEEKAY
SHIPPING CORPORATION AND SUBSIDIARIES  CONSOLIDATED  FINANCIAL STATEMENTS AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.

<MULTIPLIER>                                                            1,000

                                                              
<PERIOD-TYPE>                                                           9-MOS
<FISCAL-YEAR-END>                                                 DEC-31-2000
<PERIOD-START>                                                    JAN-01-2000
<PERIOD-END>                                                      SEP-30-2000
<CASH>                                                                219,721
<SECURITIES>                                                                0
<RECEIVABLES>                                                          45,572
<ALLOWANCES>                                                                0
<INVENTORY>                                                                 0
<CURRENT-ASSETS>                                                      302,404
<PP&E>                                                              2,286,273
<DEPRECIATION>                                                        664,704
<TOTAL-ASSETS>                                                      1,978,165
<CURRENT-LIABILITIES>                                                 151,249
<BONDS>                                                               839,096
<PREFERRED-MANDATORY>                                                       0
<PREFERRED>                                                                 0
<COMMON>                                                              448,667
<OTHER-SE>                                                            527,058
<TOTAL-LIABILITY-AND-EQUITY>                                        1,978,165
<SALES>                                                                     0
<TOTAL-REVENUES>                                                      622,148
<CGS>                                                                       0
<TOTAL-COSTS>                                                         184,566
<OTHER-EXPENSES>                                                      243,377
<LOSS-PROVISION>                                                            0
<INTEREST-EXPENSE>                                                     57,287
<INCOME-PRETAX>                                                       147,538
<INCOME-TAX>                                                                0
<INCOME-CONTINUING>                                                   147,538
<DISCONTINUED>                                                              0
<EXTRAORDINARY>                                                             0
<CHANGES>                                                                   0
<NET-INCOME>                                                          147,538
<EPS-BASIC>                                                            3.85
<EPS-DILUTED>                                                            3.77