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                    <ccc>XXXXXXXX</ccc>
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            <liveTestFlag>LIVE</liveTestFlag>



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            <secFileNumber>001-12874</secFileNumber>
            <issuerAddress>
                <ns2:street1>2nd Floor, Swan Building</ns2:street1>
                <ns2:street2>26 Victoria Street</ns2:street2>
                <ns2:city>Hamilton</ns2:city>
                <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                <ns2:zipCode>HM12</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>(441) 298-2530</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>KENNETH HVID</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Officer</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>8th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>24586</noOfUnitsSold>
            <aggregateMarketValue>212688.57</aggregateMarketValue>
            <noOfUnitsOutstanding>84059952</noOfUnitsOutstanding>
            <approxSaleDate>06/04/2025</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>06/04/2025</acquiredDate>
            <natureOfAcquisitionTransaction>Exercise of options under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>24586</amountOfSecuritiesAcquired>
            <paymentDate>06/04/2025</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KENNETH HVID</name>
                <address>
                    <ns2:street1>2nd Floor, Swan Building</ns2:street1>
                    <ns2:street2>26 Victoria Street</ns2:street2>
                    <ns2:city>Hamilton</ns2:city>
                    <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                    <ns2:zipCode>HM12</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>05/16/2025</saleDate>
            <amountOfSecuritiesSold>94272</amountOfSecuritiesSold>
            <grossProceeds>783485.16</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KENNETH HVID</name>
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                    <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                    <ns2:zipCode>HM12</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
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            <amountOfSecuritiesSold>132885</amountOfSecuritiesSold>
            <grossProceeds>1104393.95</grossProceeds>
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        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KENNETH HVID</name>
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                    <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                    <ns2:zipCode>HM12</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>05/15/2025</saleDate>
            <amountOfSecuritiesSold>49633</amountOfSecuritiesSold>
            <grossProceeds>407208.99</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KENNETH HVID</name>
                <address>
                    <ns2:street1>2nd Floor, Swan Building</ns2:street1>
                    <ns2:street2>26 Victoria Street</ns2:street2>
                    <ns2:city>Hamilton</ns2:city>
                    <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                    <ns2:zipCode>HM12</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>05/14/2025</saleDate>
            <amountOfSecuritiesSold>200000</amountOfSecuritiesSold>
            <grossProceeds>1628400.00</grossProceeds>
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        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KENNETH HVID</name>
                <address>
                    <ns2:street1>2nd Floor, Swan Building</ns2:street1>
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                    <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                    <ns2:zipCode>HM12</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>05/14/2025</saleDate>
            <amountOfSecuritiesSold>150367</amountOfSecuritiesSold>
            <grossProceeds>1234152.19</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KENNETH HVID</name>
                <address>
                    <ns2:street1>2nd Floor, Swan Building</ns2:street1>
                    <ns2:street2>26 Victoria Street</ns2:street2>
                    <ns2:city>Hamilton</ns2:city>
                    <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                    <ns2:zipCode>HM12</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>05/13/2025</saleDate>
            <amountOfSecuritiesSold>37096</amountOfSecuritiesSold>
            <grossProceeds>297491.37</grossProceeds>
        </securitiesSoldInPast3Months>
        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KENNETH HVID</name>
                <address>
                    <ns2:street1>2nd Floor, Swan Building</ns2:street1>
                    <ns2:street2>26 Victoria Street</ns2:street2>
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                    <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                    <ns2:zipCode>HM12</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
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            <amountOfSecuritiesSold>107874</amountOfSecuritiesSold>
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        <securitiesSoldInPast3Months>
            <sellerDetails>
                <name>KENNETH HVID</name>
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                    <ns2:stateOrCountry>D0</ns2:stateOrCountry>
                    <ns2:zipCode>HM12</ns2:zipCode>
                </address>
            </sellerDetails>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <saleDate>05/12/2025</saleDate>
            <amountOfSecuritiesSold>61454</amountOfSecuritiesSold>
            <grossProceeds>493094.61</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>06/04/2025</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Kenneth Hvid</signature>
        </noticeSignature>
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144
0001976945
XXXXXXXX
LIVE
0000911971
TEEKAY CORPORATION LTD
001-12874
2nd Floor, Swan Building
26 Victoria Street
Hamilton
D0
HM12
(441) 298-2530
KENNETH HVID
Officer
Common
Morgan Stanley Smith Barney LLC Executive Financial Services
1 New York Plaza
8th Floor
New York
NY
10004
24586
212688.57
84059952
06/04/2025
NYSE
Common
06/04/2025
Exercise of options under a registered plan
Issuer
N
24586
06/04/2025
Cash
N
KENNETH HVID
2nd Floor, Swan Building
26 Victoria Street
Hamilton
D0
HM12
Common
05/16/2025
94272
783485.16
KENNETH HVID
2nd Floor, Swan Building
26 Victoria Street
Hamilton
D0
HM12
Common
05/16/2025
132885
1104393.95
KENNETH HVID
2nd Floor, Swan Building
26 Victoria Street
Hamilton
D0
HM12
Common
05/15/2025
49633
407208.99
KENNETH HVID
2nd Floor, Swan Building
26 Victoria Street
Hamilton
D0
HM12
Common
05/14/2025
200000
1628400.00
KENNETH HVID
2nd Floor, Swan Building
26 Victoria Street
Hamilton
D0
HM12
Common
05/14/2025
150367
1234152.19
KENNETH HVID
2nd Floor, Swan Building
26 Victoria Street
Hamilton
D0
HM12
Common
05/13/2025
37096
297491.37
KENNETH HVID
2nd Floor, Swan Building
26 Victoria Street
Hamilton
D0
HM12
Common
05/13/2025
107874
865095.54
KENNETH HVID
2nd Floor, Swan Building
26 Victoria Street
Hamilton
D0
HM12
Common
05/12/2025
61454
493094.61
06/04/2025
/s/ Kenneth Hvid