Nordic American Tankers Limited: Nordic American Tankers Limited (NYSE:NAT) Announces acquisition of two Suezmax tankers,

 Nordic American Tankers Limited: Nordic American Tankers Limited (NYSE:NAT) Announces acquisition of two Suezmax tankers, bringing the fleet to 22 Suezmax                                    vessels.  *** Duplicate ***  Hamilton, Bermuda, May 31, 2014  Nordic American Tankers Limited ("NAT" or the "Company") today announced  that  the Company has agreed  to acquire two Suezmax  vessels, delivered from a  top  shipyard in 2005. The agreed purchase price is $36.5 million each. The vessels are  expected  to  be  delivered  to  us  no  later  than  August,  2014.  The  acquisitions will be financed from the financial resources of the Company.  Including the delivery of the current  acquisitions, NAT will have a fleet  of  22 Suezmax vessels - enhancing our dividend and earnings capacity.  The acquired vessels  are essentially  sister ships  to other  vessels in  our  current fleet. It is of significant importance to have more or less  identical  vessels in the fleet both from an operational and cost synergy point of  view.  The vessels were built to high  technical specifications. Our focus on  safety  for crew, vessels and the environment will never cease. NAT is a company built on quality in all respects.  The acquisition represents a natural step  in the further development of  NAT.  The Company will seek to increase  its dividend and earnings capacity  through  further expansion, when the time is right. We believe that our strong  balance  sheet, well defined and transparent operating model provide the Company with a strong competitive position.            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 Tankers Limited P.O Box 56, 3201 Sandefjord, Norway Tel: + 47 33 42 73 00 E-mail: nat@scandicamerican.com  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, CFO & EVP, 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 NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Nordic American Tankers Limited via Globenewswire HUG#1790878