Teekay Shipping Corp. to Release 4Q Results

Teekay Shipping Corporation plans to release its financial results for the fourth quarter and fiscal year 2006 after market close on Wednesday, February 21, 2007. The Company plans to host a conference call on Thursday, February 22, 2007 to discuss the results for the quarter and fiscal year. All shareholders and interested parties are invited to listen to the live conference call through the Company’s web site at www.teekay.com. A recording of the conference call will be available until Thursday, March 1, 2007, by dialing (800) 642-1687 or (706) 645-9291 and entering access code 7233447.