NORDIC AMERICAN TANKER SHIPP
			Symbol			NAT

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Nordic American Tanker Shipping Ltd. - (NYSE: NAT) Announces Acquisition of its Eighteenth Vessel - bolstering the Dividend Capacity.

2009-11-07 19:00 ET - News Release

HAMILTON, BERMUDA -- (MARKET WIRE) -- 11/07/09

Press release (PDF): http://hugin.info/201/R/1353474/327837.pdf

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.

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