<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:ns2="http://www.sec.gov/edgar/common">
    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0001976945</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0000911971</issuerCik>
            <issuerName>TEEKAY CORPORATION LTD</issuerName>
            <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>49633</noOfUnitsSold>
            <aggregateMarketValue>407208.99</aggregateMarketValue>
            <noOfUnitsOutstanding>84059952</noOfUnitsOutstanding>
            <approxSaleDate>05/15/2025</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>Common</securitiesClassTitle>
            <acquiredDate>05/15/2025</acquiredDate>
            <natureOfAcquisitionTransaction>Exercise of options under a registered plan</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>49633</amountOfSecuritiesAcquired>
            <paymentDate>05/15/2025</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>05/14/2025</saleDate>
            <amountOfSecuritiesSold>200000</amountOfSecuritiesSold>
            <grossProceeds>1628400.00</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>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>
                    <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>107874</amountOfSecuritiesSold>
            <grossProceeds>865095.54</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>05/12/2025</saleDate>
            <amountOfSecuritiesSold>61454</amountOfSecuritiesSold>
            <grossProceeds>493094.61</grossProceeds>
        </securitiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>05/15/2025</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Kenneth Hvid</signature>
        </noticeSignature>
    </formData>
</edgarSubmission>
