Nordic American Tanker Shipping Limited (NYSE:NAT)
Prices Public Offering.

Hamilton, Bermuda, May 13, 2008

Nordic American Tanker Shipping Limited (the "Company") today announced that it has priced an offering of 4,000,000 common shares. The common shares are being offered pursuant to the Company's effective shelf registration statement. Morgan Stanley is acting as the bookrunning manager for the offering, and Dahlman Rose & Company is acting as a co-manager for the offering. The Company expects to close the sale of the common shares on May 16, 2008, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to 600,000 additional shares to cover over-allotments.

On May 12, 2008, the closing price of the Company's common shares on the New York Stock Exchange was $40.08 per share. The common shares purchased by the underwriters are being offered for resale by the underwriters in an at-the-market offering in negotiated transactions or otherwise, at market prices prevailing on the New York Stock Exchange at the time of sale, at prices related to the prevailing market price or otherwise.

The net proceeds of the offering are expected to be used to prepare the Company for further expansion and, in the meantime, the Company intends to use net proceeds to repay borrowings under its credit facility and for working capital.

The offering is being made only by means of a prospectus and related prospectus supplement. A prospectus supplement related to the offering will be filed with the Securities and Exchange Commission. When available, copies of the prospectus and prospectus supplement relating to the offering may be obtained from the offices of Morgan Stanley at 180 Varick Street, Second Floor, New York, New York 10014, Attention: Prospectus Department or by email at prospectus@morganstanley.com.


About the Company
The Company is an international tanker company that owns fourteen modern double-hull Suezmax tankers including two newbuilding Suezmax tankers that the Company has agreed to acquire.

Nordic American Tanker Shipping