Hamilton, Bermuda, February 18, 2009
Nordic American Tanker Shipping Ltd. (the “Company”) today took delivery of the suezmax vessel that the Company recently agreed to acquire. The double hull suezmax vessel has been named Nordic Sprite. Including the Nordic Sprite, the fleet of the Company consists of 15 suezmax vessels of which two are newbuildings expected to be delivered in December 2009 and April 2010, respectively. The Nordic Sprite will be employed in the spot market.
This acquisition represents an important step in the further development of the Company. The transaction is in line with the Company’s growth strategy with focus on dividend and earning capacity of the Company.