<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0001977988</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <issuerInfo>
      <issuerCik>0000911971</issuerCik>
      <issuerName>TEEKAY CORP LTD</issuerName>
      <secFileNumber>001-12874</secFileNumber>
      <issuerAddress>
        <com:street1>2ND FLOOR, SWAN BUILDING</com:street1>
        <com:street2>26 VICTORIA STREET</com:street2>
        <com:city>HAMILTON</com:city>
        <com:stateOrCountry>D0</com:stateOrCountry>
        <com:zipCode>HM 12</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>604-683-3529</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Krediet Rudolph</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Director</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Etrade from Morgan Stanley</name>
        <address>
          <com:street1>PO Box 484</com:street1>
          <com:city>Jersey City</com:city>
          <com:stateOrCountry>NJ</com:stateOrCountry>
          <com:zipCode>07303-0484</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>39605</noOfUnitsSold>
      <aggregateMarketValue>408509.38</aggregateMarketValue>
      <noOfUnitsOutstanding>85269031</noOfUnitsOutstanding>
      <approxSaleDate>11/20/2025</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>06/09/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Units</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Teekay Corporation Ltd.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>24289</amountOfSecuritiesAcquired>
      <paymentDate>06/09/2020</paymentDate>
      <natureOfPayment>Director Compensation</natureOfPayment>
    </securitiesToBeSold>
    <securitiesToBeSold>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <acquiredDate>06/09/2021</acquiredDate>
      <natureOfAcquisitionTransaction>Restricted Stock Units</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Teekay Corporation Ltd.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>15316</amountOfSecuritiesAcquired>
      <paymentDate>06/09/2021</paymentDate>
      <natureOfPayment>Director Compensation</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>N</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <securitiesSoldInPast3Months>
      <sellerDetails>
        <name>Rudolph Krediet</name>
        <address>
          <com:street1>2nd Floor, Swan Building</com:street1>
          <com:street2>26 Victoria Street</com:street2>
          <com:city>Hamilton</com:city>
          <com:stateOrCountry>D0</com:stateOrCountry>
          <com:zipCode>HM12</com:zipCode>
        </address>
      </sellerDetails>
      <securitiesClassTitle>Common</securitiesClassTitle>
      <saleDate>11/03/2025</saleDate>
      <amountOfSecuritiesSold>28563</amountOfSecuritiesSold>
      <grossProceeds>269762.25</grossProceeds>
    </securitiesSoldInPast3Months>
    <noticeSignature>
      <noticeDate>11/20/2025</noticeDate>
      <signature>/s/ Rudolph Krediet</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
