NORDIC AMERICAN TANKER SHIPP
			Symbol			NAT

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Nordic American Tanker Shipping Ltd. (NYSE: NAT) - Announces Dividend for the 49th Consecutive Quarter - 3rd Quarter 2009 Report. No Change to Dividend Policy. Further Fleet Expansion to 18 Vessels - bolstering Dividend Capacity.

2009-11-09 01:18 ET - News Release

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

3rd Quarter 2009 Results: http://hugin.info/201/R/1353504/327856.pdf

Hamilton, Bermuda, November 9, 2009

Introduction and Overview

On or about December 4th NAT will pay a dividend for the 49th consecutive quarter since the first three vessels were delivered to the Company in the autumn of 1997 when the Company commenced operations. Since then a total of $39.89 per share has been paid in dividend.

We believe that some salient points of this report are as follows:

  * The 3rd quarter was down with a corresponding low dividend of
    $0.10 per share because of a low freight market.
  * There are signs of a positive development in the world economy
    and the freight market for the 4th quarter has started on a
    positive note compared with 3rd quarter.
  * We announced yesterday our agreement to acquire vessel no. 18 -
    which will increase the dividend capacity of the Company.

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