Delivery of Vessel no. 18

Hamilton, Bermuda, March 2, 2010
 
Nordic  American Tanker Shipping Ltd. (the "Company") today took delivery of the
suezmax  vessel that the Company agreed  to acquire in November 2009. The double
hull  suezmax vessel has been named  Nordic Passat. Including the Nordic Passat,
the Company's fleet consists of 18 suezmax vessels of which two are newbuildings
to  be delivered later this year. The Nordic Passat will be employed in the spot
market after an approximate two months period on a contract.
 
The  Company noted that this addition to  the fleet represents an important step
in  expansion of  the Company.  The transaction  is in  line with  the Company's
strategy  with focus  on accretive  growth together  with increased dividend and
earnings capacity of the Company.
 
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
 
Matters   discussed   in  this  press  release  may  constitute  forward-looking
statements.   The Private Securities Litigation Reform Act of 1995 provides safe
harbor   protections  for  forward-looking  statements  in  order  to  encourage
companies   to   provide   prospective   information   about   their   business.
 Forward-looking  statements  include  statements  concerning plans, objectives,
goals,  strategies, future events or performance, and underlying assumptions and
other statements, which are other than statements of historical facts.
 
The  Company desires  to take  advantage of  the safe  harbor provisions  of the
Private   Securities  Litigation  Reform  Act  of  1995 and  is  including  this
cautionary  statement in connection with this safe harbor legislation. The words
"believe,"  "anticipate," "intend,"  "estimate," "forecast,"  "project," "plan,"
"potential,"   "will,"   "may,"   "should,"   "expect,"  "pending"  and  similar
expressions identify forward-looking statements.
 
The  forward-looking statements  in this  press release  are based  upon various
assumptions,  many  of  which  are  based,  in  turn,  upon further assumptions,
including   without  limitation,  our  management's  examination  of  historical
operating  trends, data contained  in our records  and other data available from
third  parties.  Although we believe that these assumptions were reasonable when
made,   because   these   assumptions  are  inherently  subject  to  significant
uncertainties and contingencies which are difficult or impossible to predict and
are  beyond our control, we cannot assure you that we will achieve or accomplish
these  expectations,  beliefs  or  projections.   We  undertake no obligation to
update  any forward-looking statement,  whether as a  result of new information,
future events or otherwise.
 
Important  factors  that,  in  our  view,  could  cause actual results to differ
materially  from those discussed  in the forward-looking  statements include the
strength of world economies and currencies, general market conditions, including
fluctuations in charter rates and vessel values, changes in demand in the tanker
market,  as a result of changes in  OPEC's petroleum production levels and world
wide  oil consumption and storage, changes  in our operating expenses, including
bunker  prices,  drydocking  and  insurance  costs,  the market for our vessels,
availability  of financing  and refinancing,  changes in  governmental rules and
regulations or actions taken by regulatory authorities, potential liability from
pending  or  future  litigation,  general  domestic  and international political
conditions,  potential  disruption  of  shipping  routes  due  to  accidents  or
political  events,  vessels  breakdowns  and  instances  of  off-hires and other
important  factors  described  from  time  to  time  in the reports filed by the
Company  with the Securities  and Exchange Commission,  including the prospectus
and  related  prospectus  supplement,  our  Annual  Report on Form 20-F, and our
reports on Form 6-K.
 
Contacts:
 
Scandic American Shipping Ltd
Manager for:
Nordic American Tanker Shipping Limited
P.O Box 56, 3201 Sandefjord, Norway
Tel: + 47 33 42 73 00 E-mail:nat@scandicamerican.com
 
Web site:  www.nat.bm <http://www.nat.bm/>
 
Rolf Amundsen, Investor Relations
Nordic American Tanker Shipping Limited
Tel: +1 800 601 9079 or + 47 908 26 906
 
Gary J. Wolfe
Seward & Kissel LLP, New York, USA
Tel: +1 212 574 1223
 
Turid M. Sørensen, CFO
Nordic American Tanker Shipping Limited
Tel:  + 47 33 42 73 00 or + 47 905 72 927
 
Herbjørn Hansson, Chairman and Chief Executive Officer
Nordic American Tanker Shipping Limited
Tel:  +1 866 805 9504 or + 47 901 46 291
 
[HUG#1390316]
 
Press release (PDF): http://hugin.info/201/R/1390316/348343.pdf