TEEKAY SHIPPING CORPORATION

EXCHANGE:
NYSE

SHARE PRICE (DEC. 31, 1996):
US$32.75

1996 TRADING RANGE (THROUGH NOV. 26):
US$23.25 – $31.50

MARKET CAP. (AS OF SEPT. 30, 1996):
US$812,196,000

OVERVIEW
• Teekay Shipping Corporation, founded in 1973 by the late Torben Karlshoej, is a leading provider of quality transportation services to the oil industry.
• Teekay, which went public in July of 1995 and is headquartered in Nassau, Bahamas, owns and manages the world’s largest and most modern fleet of medium-sized tankers employed primarily in the Indo-Pacific Basin.
• Teekay maintains full control in-house over all ship management and operations through a network of agents that work exclusively for Teekay.
• The majority of Teekay’s operations are orchestrated from the Vancouver, Canada office, but the company also maintains regional chartering offices in London, Singapore and Tokyo.

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