Nordic American Tanker Shipping Ltd. (NAT) - (NYSE: NAT) NAT Chairman & CEO buys NAT shares

Hamilton, Bermuda, May 13, 2005

 

Nordic American Tanker Shipping Ltd. (the "Company") today announced that the Chairman & CEO Mr. Herbjørn Hansson has bought 10,000 shares in NAT at a market price of $40.03 Mr. Hansson owns thereafter a total of 25,000 shares of the Company.

 

Scandic American Shipping Ltd. ("Scandic"), the Manager of the Company, has a total of 332,890 restricted shares of NAT.  Mr. Hansson is the majority owner of Scandic.