Nordic American Tankers Limited (NYSE:NAT) Taking delivery of its 23rd ship - enhancing the dividend and earnings capacity.

Hamilton, Bermuda, September 22, 2015

In our press release July 27, 2015 Nordic American Tankers Limited ("NAT" or "the Company") announced that it had entered into an agreement to acquire two 2010 built ships for delivery to NAT in September and October 2015. The first of these vessels was taken over today and has been renamed "Nordic Light".

The delivery of its sister ship is expected to take place during October. Thereafter, the Company will have a fleet of 26 Suezmax vessels including two newbuildings to be delivered in August 2016 and in early 2017.

Going forward, NAT is seeking to increase its dividend and earnings capacity through further expansion when the time is right to do so. We believe that our strong balance sheet and our well defined and transparent operating model, including quarterly dividend payments, give the Company a strong competitive position.

Nordic American Tanker Shipping Ltd., press release