Hamilton, Bermuda, November 7, 2009

Nordic American Tanker Shipping Ltd.  (the "Company" or "NAT")  today
announced that  the  Company has  agreed  to acquire  its  eighteenth
vessel, a  double-hull suezmax  tanker  built in  a first  class  Far
Eastern shipyard in 2002 for a  purchase price of $51.5 million.  The
vessel is expected to be delivered to us no later than March 1, 2010.
This acquisition  will  be financed  from  cash on  hand.  No  equity
offering is being planned in connection with this acquisition.

The new vessel is expected  to be operated in  the spot market or  on
spot market-related charters.

Herbjørn Hansson, the Company's Chairman and Chief Executive Officer,
stated: "We are confident that  this, our eighteenth suezmax  vessel,
will  be  accretive  both  to  dividends  and  earnings  per   share.
Therefore, dividends and  earnings per  share can be  expected to  be
higher than had this  vessel not been acquired.  NAT is committed  to
continuing to build upon its successful operating model in which  the
elements of full dividend payout and accretive growth are central."


      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,"   "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-hire, failure on the part  of
a seller  to  complete a  sale  to  us 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

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

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