Nordic American Tankers

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.

 

Contacts:

 

Scandic American Shipping Ltd. 

Manager for

Nordic American Tanker Shipping Ltd.

P.O Box 56

3201 Sandefjord, Norway

Tel: + 47 33 42 73 00 E-mail:  nat@scandicamerican.com

Web-site:  www.nat.bm

 

Rolf Amundsen
Chief Financial Officer
Nordic American Tanker Shipping Ltd.
Tel: +1 800 601 9079 or + 47 908 26 906

 

Gary Wolfe

Seward & Kissel LLP, New York, USA
Tel: +1 212  574 1223

 

Herbjørn Hansson

Chairman & CEO

Nordic American Tanker Shipping Ltd.

Tel:  +1 866 805 9504 or + 47 901 46 291