Washington, D. C. 20549

                        Report of Foreign Private Issuer
                      Pursuant to Rule 13a-16 or 15d-16 of
                      the Securities Exchange Act of 1934

                         For the month of October 2003

                (Translation of registrant's name into English)

                                  Cedar House
                                41 Cedar Avenue
                                 Hamilton HMEX
                    (Address of principal executive offices)

     Indicate  by check mark  whether the  registrant  files or will file annual
reports under cover Form 20-F or Form 40-F.

                     Form 20-F  X            Form 40-F
                              -----                    -----

     Indicate by check mark whether the registrant by furnishing the information
contained  in this  Form is  also  thereby  furnishing  the  information  to the
commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

                              Yes           No  X
                                 -----        -----


     Attached hereto is a copy of an earnings  release issued by Nordic American
Tanker Shipping  Limited (the "Company")  issued on October 1, 2003,  announcing
that BP Shipping Ltd. has not renewed its charters for the Company's vessels.


     BP Plc files  annual  reports on Form 20-F (File No.  1-6262) and  periodic
reports on Form 6-K with the Securities and Exchange  Commission pursuant to the
Securities Exchange Act of 1934, as amended.


                            ANNOUNCES NON-RENEWAL OF
                              BP SHIPPING CHARTERS

Hamilton,  Bermuda,  October 1, 2003.  Nordic American  Tanker Shipping  Limited
(AMEX:NAT,OSE:NAT)  (the "Company") today announced that BP Shipping Ltd. ("BP")
the charterer of the Company's 3 Suezmax  tankers,  has not delivered  notice of
exercise  of  its  options  to  extend  the  charters,   which  was  due  today.
Accordingly,  the  charters  will  terminate  on October  1, 2004,  subject to a
redelivery  window for the vessels of between  September 1, 2004 and November 1,

Under the Company's Bye-Laws, the Company is obligated to call a special meeting
of  shareholders no later than April 1, 2004, to consider a proposal to sell the
vessels and  distribute  the net  proceeds to  shareholders  or to assess  other
alternatives.  The proposal is to be  accompanied by the  recommendation  of the
Company's  Board of  Directors  as to whether it  believes  that the sale of the
vessels is in the Company's best interests, or whether an alternative plan, such
as attempting to arrange replacement charters,  might be of greater benefit. The
Company expects to mail materials approximately 3-4 weeks before the meeting.

As previously announced by the Company, in the absence of a renewal by BP of its
option for all 3 vessels, the following alternatives are possible:

     o    The renegotiation by the Company and BP of the charters.

     o    The employment by the Company of the vessels in the spot market as
          from October 1st 2004.

     o    The long-term charter of the vessels to other end-users than BP.

     o    The sale of the vessels and the distribution of the proceeds to the
          company's shareholders.

     o    Any combination of these alternatives.

In connection with the special  shareholders'  meeting, the Board is expected to
consider whether the  alternatives  other than the sale of all of the vessels as
outlined above, might be of greater benefit to shareholders.

The Company also announced that it has been  approached on an unsolicited  basis
by major international  shipping companies expressing an interest in cooperating
with the Company with the view to developing  the Company  further.  At present,
the Company has received no formal offers.

Contacts:     Gary J. Wolfe
              Seward & Kissel, New York, USA
              Tel: (1) 212-574-1223, Fax: (1) 212-480-8421 or

              Scandic American Shipping Ltd
              P.O Box 56
              3201 Sandefjord
              Tel: +47-33-44 61 40, or +47 901 46 291,
              e-mail: or

              Rolf Amundsen
              Amundsen Partners, Oslo, Norway
              Tel: + 47 908 26 906


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," "except," "anticipate," "intends," "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.

In addition to these  important  factors,  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 charterhire
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 the Company's operating expenses,  including bunker prices,
drydocking  and  insurance  costs,   the  market  for  the  Company's   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, and other important factors described from time to time in the
reports filed by the Company with the Securities and Exchange Commission.


     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.


Dated:  October 1, 2003                  By: /s/ Herbjorn Hansson
                                                 Herbjorn Hansson
                                                 President and
                                                 Chief Executive Officer

01318.0002 #432415