TEEKAY CORP LTD — Major Shareholding Notification 2003

Apr 10, 2003

SC 13G 1 o09512asc13g.htm SCHEDULE 13G sc13g PAGEBREAK

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934 (Amendment No. 4)

Teekay Shipping Corporation

(Name of Issuer)

Common Stock, $0.001 par value per share

(Title of Class of Securities)

Y8564W 10 3

(CUSIP Number)

December 31, 2002

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o Rule 13d-1 (b)

o Rule 13d-1 (c)

x Rule 13d-1 (d)

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TOC /TOC

13G
CUSIP No. Y8564W 10 3
1.	Name of Reporting Person: JTK
Trust		I.R.S. Identification Nos. of above
persons (entities only):
2.	Check the Appropriate Box if a Member of
a Group:
	(a)	o
	(b)	o
3.	SEC Use Only:
4.	Citizenship or Place of
Organization: Organized under the laws of the Bahamas
Number
of Shares Beneficially Owned by Each Reporting Person
With
		5.	Sole Voting
Power: -0-
		6.	Shared Voting Power:
		7.	Sole Dispositive Power: -0-
		8.	Shared Dispositive Power:
9.	Aggregate Amount Beneficially Owned by Each Reporting Person: -0-
10.	Check if the Aggregate Amount in Row (9) Excludes Certain
Shares: o
11.	Percent of Class Represented by Amount in Row
(9): 0%
12.	Type of Reporting Person: 00

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13G

Item 1.	(a)	Name of Issuer:
		This Schedule 13G relates to Teekay Shipping
Corporation, a Marshall Islands corporation (the “Company”).
	(b)	Address of Issuer’s Principal Executive
Offices:
		The Company’s principal executive headquarters are
located at TK House, Bayside Executive Parks, West Bay Street 4 Blake Road, P.O.
Box AP-59213, Nassau, Bahamas.
Item 2.
	(a)	Name of Person Filing:
		This Schedule 13G relates to JTK Trust.
	(b)	Address of Principal Business Office or, if none,
Residence:
		The business address of the reporting person is
Worldwide Trust Services Limited, P.O. Box N-4825, Charlotte House, Charlotte
Street, Nassau, Bahamas.
	(c)	Citizenship:
		JTK Trust is a trust organized under the laws of
the Bahamas.
	(d)	Title of Class of Securities:
		This Schedule 13G relates to the Company’s common
stock, $0.001 par value per share (the “Common Stock”).
	(e)	CUSIP
Number:
		The CUSIP Number for the Company’s Common Stock is
Y8564W 10 3.
Item 3.	If this statement is filed pursuant to
§§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing
is a:
	(a)	o	Broker or dealer registered under section 15 of the Act (15
U.S.C. 78o).
	(b)	o	Bank as defined in section 3(a)(6) of the Act (15 U.S.C.
78c).
	(c)	o	Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
	(d)	o	Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
	(e)	o	An investment adviser in accordance with
§240.13d-1(b)(1)(ii)(E);
	(f)	o	An employee benefit plan or endowment fund in accordance with
§240.13d-1(b)(1)(ii)(F);
	(g)	o	A parent holding company or control person in accordance with
§ 240.13d-1(b)(1)(ii)(G);
	(h)	o	A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
	(i)	o	A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);
	(j)	o	Group, in accordance with
§240.13d-1(b)(1)(ii)(J).
Not applicable.

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13G

Item 4.	Ownership.
As of December 31, 2002, all of the shares of the
Company's Common Stock previously beneficially owned by JTK Trust have been
transferred to Resolute Investments Inc., a Bahamian corporation.
	(a)	Amount beneficially owned:
		-0-
	(b)	Percent of class:
		-0-%
	(c)	Number of shares as to which the person
has:
		(i)	Sole power to vote or to direct the vote:
			-0-
		(ii)	Shared power to vote or to direct the
vote:
			-0-
		(iii)	Sole power to dispose or to direct the disposition
of:
			-0-
		(iv)	Shared power to dispose or to direct the
disposition of:
			-0-
Item 5.	Ownership of Five Percent
or Less of a Class.
If this statement is being filed to report the
fact that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities, check the
following x .
Item 6.	Ownership of More than
Five Percent on Behalf of Another Person.
Not applicable.
Item 7.	Identification and
Classification of the Subsidiary Which Acquired the Security Being Reported on
By the Parent Holding Company.
Not applicable.
Item 8.	Identification and
Classification of Members of the Group.
Not applicable.
Item 9.	Notice of Dissolution of
Group.
Not applicable.

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13G

Item 10.
Not applicable.

link1 "SIGNATURE" SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date:	14 February 2003
Company Name(s):
JTK TRUST
By:	/s/ WORLDWIDE TRUST SERVICES LIMITED, as
Trustee
By:	/s/ John E. King
Name:	John E. King
Title:	President

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