<TABLE> <S> <C>

<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.
</LEGEND>
<MULTIPLIER>                                                            1,000

<S>                                                              <C>
<PERIOD-TYPE>                                                          12-MOS
<FISCAL-YEAR-END>                                                 MAR-31-1999
<PERIOD-START>                                                    APR-01-1998
<PERIOD-END>                                                      MAR-31-1999
<CASH>                                                                118,435
<SECURITIES>                                                            8,771
<RECEIVABLES>                                                          22,995
<ALLOWANCES>                                                                0
<INVENTORY>                                                                 0
<CURRENT-ASSETS>                                                      166,396
<PP&E>                                                              1,832,485
<DEPRECIATION>                                                        557,946
<TOTAL-ASSETS>                                                      1,452,220
<CURRENT-LIABILITIES>                                                  72,169
<BONDS>                                                               602,661
<PREFERRED-MANDATORY>                                                       0
<PREFERRED>                                                                 0
<COMMON>                                                              330,493
<OTHER-SE>                                                            446,897
<TOTAL-LIABILITY-AND-EQUITY>                                        1,452,220
<SALES>                                                                     0
<TOTAL-REVENUES>                                                      318,411
<CGS>                                                                       0
<TOTAL-COSTS>                                                          93,511
<OTHER-EXPENSES>                                                      232,777
<LOSS-PROVISION>                                                            0
<INTEREST-EXPENSE>                                                     44,797
<INCOME-PRETAX>                                                        52,712
<INCOME-TAX>                                                                0
<INCOME-CONTINUING>                                                    52,712
<DISCONTINUED>                                                              0
<EXTRAORDINARY>                                                         7,306
<CHANGES>                                                                   0
<NET-INCOME>                                                           45,406
<EPS-BASIC>                                                            1.46
<EPS-DILUTED>                                                            1.46



</TABLE>