Nordic American Tankers Limited : Nordic American Tankers Limited (NYSE:NAT) Announces Public Offering

 Nordic American Tankers Limited : Nordic American Tankers Limited (NYSE:NAT)
                          Announces Public Offering

Hamilton, Bermuda, April 1, 2013

Nordic American Tankers  Limited (the  "Company") today announced  that it  is 
commencing a public offering of $87 million aggregate amount of common  shares 
pursuant  to  the  Company's  effective  shelf  registration  statement.  The 
Company's Chairman  and  Chief  Executive Officer,  Mr.  Herbjørn  Hansson  is 
expected to purchase about $1.5 million worth of common shares in the offering
on the same terms as other investors.  Morgan Stanley & Co. LLC is acting  as 
the bookrunning manager for the  offering and DNB Markets Inc.,  Skandinaviska 
Enskilda Banken AB and Pareto Securities Inc. are acting as co-managers of the
offering. The  Company  has  granted  the underwriters  a  30-day  option  to 
purchase up  to  an  additional  $13.05 million  aggregate  amount  of  common 

The net  proceeds  of  the  offering  are expected  to  be  used  to  pay  for 
acquisitions under our expansion program, including the Nordic Future, and for
general corporate  purposes.  The  Company's current  fleet  consists  of  20 
double-hull Suezmax tankers. In  addition we have  entered into a  preliminary 
agreement to acquire a modern  double-hull Suezmax tanker, the Nordic  Future, 
which is expected  to be delivered  no later  than May 2013.  The Company  is 
reviewing other possible acquisitions of vessels which could take place in the
near future.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy securities and shall not constitute an offer, solicitation  or 
sale in  any  jurisdiction  in  which such  offer,  solicitation  or  sale  is 
unlawful. The offering  is being  made 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

About the Company
The Company is an international tanker company that owns 20 modern double-hull
Suezmax tankers. In addition we have  entered into a preliminary agreement  to 
acquire a  modern double-hull  Suezmax  tanker, the  Nordic Future,  which  is 
expected to be delivered no later than May 2013.


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, vessel breakdowns and instances of
off-hire, failure on the part of a seller to complete a sale of a vessel to us
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.

The Company has filed a registration statement (including a prospectus) with
the Securities and Exchange Commission (SEC) for the offering to which this
communication relates. Before you invest, you should read the prospectus in
that registration statement, the preliminary prospectus supplement relating to
this offering and other documents the Company has filed with the SEC for more
complete information about the Company and this offering. You may get these
documents for free by visiting EDGAR on the SEC Web site at
Alternatively, the Company, any underwriter or any dealer participating in the
offering will arrange to send you the prospectus if you request it by calling
toll-free 1 866 718 1649. You may also request a copy of these documents by
sending an e-mail to

Scandic American Shipping Ltd 
Manager for:
Nordic American Tankers Limited
P.O Box 56, 3201 Sandefjord, Norway
Tel: + 47 33 42 73 00 E-mail:

Jacob Ellefsen,
Manager, Investor Relations and Research, Monaco
Nordic American Tankers Limited
Tel: + 377 93 25 89 07 or + 33678 631959

Rolf Amundsen, Advisor, Norway
Nordic American Tankers Limited
Tel: +1 800 601 9079 or + 47 908 26906

Turid M. Sørensen, EVP & CFO, Norway
Nordic American Tankers Limited
Tel: +47 33 42 73 00 or +47 90 57 29 27

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

Press Release (PDF)


This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.

Source: Nordic American Tankers Limited via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.