Nordic American Tanker Shipping Limited (NYSE: NAT) Annual General Meeting of Shareholders.


Hamilton, Bermuda, June 1, 2011
Nordic American Tankers Limited (the “Company”) today announced the official results of its 2011 Annual General Meeting, held on June 1, 2011 at 10:00 a.m. in Hamilton, Bermuda (the “Meeting”).  The following resolutions were approved with more than the necessary majority required for each:


1. All of the nominees of the Board of Directors were approved to serve until the next Annual General Meeting of Shareholders;


2. Deloitte AS was approved as the Company’s independent auditors until the close of the next Annual General Meeting;


3. The Company’s Amended and Restated Bye-laws were approved;


4. The increase in the Company’s authorized share capital was approved; and


5. The change of the Company’s legal name to “Nordic American Tankers Limited” was approved.

In addition, the Company’s audited financial statements for the year ended December 31, 2010 were presented at the Meeting.


The authorized capital has not been increased since the Company’s founding in 1995, when its fleet consisted of three vessels.  Today, the Company’s fleet consists of 19 vessels, including newbuildings. The increase in the authorized capital is intended to facilitate the Company’s continued growth.  The Company, however, does not have any immediate plans to conduct an offering of its common shares.



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:


Rolf Amundsen, Head of Investor Relations, Norway
Nordic American Tanker Shipping Limited
Tel: +1 800 601 9079 or + 47 908 26 906


Jacob Ellefsen, Head of Research, United Kingdom
Nordic American Tanker Shipping Limited
Tel: + 44 20 31 78 58 20   or + 44 78 27 92 94 11


Gary J. Wolfe
Seward & Kissel LLP, New York, USA
Tel: +1 212 574 1223


Herbjørn Hansson, Chairman and Chief Executive Officer
Nordic American Tanker Shipping Limited
Tel:  +1 866 805 9504 or + 47 901 46 291