SOURCE: Nordic American Tanker Shipping Ltd.

November 13, 2008 04:54 ET

Nordic American Tanker Shipping Ltd. (the Company) - (NYSE: NAT) Active communication with shareholders and investors

HAMILTON, BERMUDA--(Marketwire - November 13, 2008) -


Hamilton, Bermuda, November 13th, 2008

The Chairman & CEO of Nordic American Tanker Shipping Ltd. was interviewed live on CNBC November 7th, 2008 in connection with the announcement of the earnings and dividend release for 3Q08. Earlier this week there was also an interview with Jim Cramer (Mad Money) where NAT was discussed. The links to these two interviews can be found below.

In addition to the quarterly reports, the Chairman & CEO on occasions also writes letters to shareholders in order to keep them updated on developments of the Company. The last letter was sent October 13th and it is posted on our web site (www.nat.bm). We regard our contact with shareholders to be very important and the above are examples reflecting our policies to have an open and transparent dialogue. We are pleased that NAT is in a very good position.

If you have any questions, we encourage you to contact us on the below contact details.

CNBC Squawk on the Street:

http://www.cnbc.com/id/27665007/?__source=yahoo%7Cheadline%7Cquote%7Ctext%7C&par=yahoo

CNBC Mad Money with Jim Cramer:

http://videoreprints.cnbc.com/playback.action?parms=Vy9xQitlTG9McWxHNGo3Q0tVdi8rMitMd0c0WVorMnJZbkdoWHhESks2SnVIVDUydDY1Y3lGZjcwTjNHSm43YkFBQWtCQ0FhdkRNPQ==


CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "will," "may," "should," "expect," "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC's petroleum production levels and world wide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.


Contacts:
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:  nat@scandicamerican.com
Rolf Amundsen, Investor Relations
Nordic American Tanker Shipping Limited
Tel: +1 800 601 9079 or + 47 908 26 906

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

Turid M. Sørensen, CFO
Nordic American Tanker Shipping Limited
Tel:  + 47 33 42 73 00 or + 47 905 72 927

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

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



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