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 April 2005

                 (Translation of registrant's name into English)

                                  Canons Court
                               22 Victoria Street
                                 Hamilton HM 12
                    (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  as  Exhibit 1 is a copy of the  press  release  issued by
Nordic  American  Tanker  Shipping  Limited  (the  "Company")  on April 29, 2005
announcing the Company's first quarter 2005 results.

Exhibit 1

Nordic American  Tanker Shipping Ltd. (NAT) - (NYSE:  NAT) Announces 1st quarter
2005 Results

Hamilton, Bermuda, April 29th 2005 --

Nordic American  Tanker Shipping Ltd (the "Company")  today announced its result
for the first quarter of 2005.

The Board has  declared a second  quarter  2005  dividend  of USD 1.15 per share
compared with USD 1.62 in the preceding quarter. The dividend will be paid on or
about May 26th 2005 to shareholders of record May 9th 2005.

Whilst keeping up well,  the spot market rates for suezmax  tankers in the first
quarter of 2005 were  substantially  lower than those  during the  exceptionally
strong market in the fourth quarter of 2004.

The operating cash flow(*) was USD 13.9m in the first quarter 2005,  compared to
USD 19.8m in the fourth  quarter 2004.  According to the spot  assessment of the
Imarex  Tanker  Index,  suezmax  spot rates  were on average  USD 46,947 per day
during  the first  quarter  of 2005,  as  against  USD 96,364 per day during the
fourth quarter of 2004.

In January  2005 the  Company  announced  that it had agreed to acquire a double
hull suezmax tanker. The tanker - the Nordic Fighter - was taken over March 21st
and has thereafter been trading in the spot market.

In February  2005 the Company  announced  that it had agreed to acquire a double
hull suezmax vessel to be delivered from the Daewoo Shipyard in Korea.  The ship
- the Nordic  Freedom - was  delivered  from the yard March 29th this year after
which it has been trading in the spot market.

The Company completed the transformation  from a financial lease company into an
operating  company in mid October 2004. Since then, the fleet of the company has
doubled  from three to six ships all of which are modern  double-hulled  suezmax
crude oil tankers.

In March 2005 the Company sold 3.5 million shares in a public  offering,  giving
net  proceeds of USD 162.1  million to the  Company.  Thereafter,  the number of
shares issued and outstanding is 16,644,496 as against 13,067,838 as per January
1st. The weighted number of shares issued and outstanding  during the quarter is
14,020,761.  In connection  with the follow-on  offering in the first quarter of
2005,  the manager was issued 76,658  restricted  shares in accordance  with the
management  agreement.  The  accounts  include a charge of USD 3.6m (a  non-cash
item) reflecting this issue.

Bear  Stearns & Co Inc.  and UBS  Investment  Bank acted as joint  book  running
managers and DnB NOR Markets Inc. acted as co-manager  for the equity  offering.
The  proceeds  were partly used to pay for the two  acquisitions  - in total USD

The fleet is now:

Name                   Built   Size(DWT)     Employment
Nordic Hunter          1997    151,458       spot employment
Nordic Hawk            1997    151,458       spot employment
Gulf Scandic           1997    151,458       long term contract
Wilma Yangtze*         1997    149,591       spot employment
Nordic Fighter         1998    153,181       spot employment
Nordic Freedom         2005    159,500       spot employment
* to be renamed Nordic Voyager

The two new vessels were delivered at the very end of the quarter, and therefore
generated only a limited  contribution to the Company's  operating cash flow for
the period.

Based on the  operating  cash flow  generated  by our active  fleet in the first
quarter,  the aggregate  dividend would have been USD 13.9 million,  or USD 1.07
per share issued and  outstanding  at the  beginning of the quarter - 13,067,838

USD 1.36 per share would have been the dividend if we had six ships, and if five
of them  were in the spot  market  as from  January  1st 2005 and if  16,644,496
shares  (the share  count end March after the recent  follow-on  offering)  were
issued and  outstanding  at the beginning of the quarter.  Taking account of the
important events in the first quarter - i.e. above all the increase of the fleet
from 4 to 6 vessels  (50%),  the follow-on  offering and  increased  share count
(27.4%),  the strong financial  position of the Company with no debt and cash on
the  balance  sheet,  the Board has  decided to  declare a dividend  of USD 19.1
million,  or USD 1.15 per share.  For the quarter ending June 30, 2005 the Board
of  Directors  currently  expects to  declare a  dividend  based upon the actual
operating  cash flow during the second quarter and based upon the share count at
the end of the quarter without use of any cash reserve.  For further  accounting
information  please see the profit and loss and balance  sheet data being a part
of this message.

For the foreseeable  future,  the Company's Board intends to continue its policy
of maintaining a low debt to equity ratio and of pursuing a full dividend payout
policy as in the past.

Another  important  part of our strategic  platform is expansion of the fleet of
high quality  vessels.  An objective is that all vessel  acquisitions  and other
projects  that we may  implement  in the future are  designed to be accretive to
earnings and dividends per share.

It is hard to predict the short term spot tanker  rates.  During April this year
we have seen a further  softening  of the spot  market.  Rates may rise from the
present level, they may remain at the same level or they may drop. Whilst we are
always  faced  with  uncertainties,  the Board  holds the view that the  general
tanker market dynamics are favourable, and our analysis show that over time spot
employment generates premium earnings compared to longer term employment.

The  Company had 3 vessels in the spot market or on spot  related  terms  during
most of the first quarter of 2005.  Following the inclusion of two more ships in
the fleet as referred to above,  the Company will have at least 5 vessels in the
spot  market or on spot  related  terms  during the  second  quarter of 2005 and
later, impacting positively the earnings and dividend potential of the Company.

The  Company is in a good  position to provide for  continued  accretive  growth
based upon its unique operating model.


(*) Operating cash flow is a non-GAAP  financial term often used by investors to
measure  financial  performance  of  shipping  companies.  Operating  cash  flow
represents income before depreciation and amortization expense.


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 reports filed by
the Company with the  Securities and Exchange  Commission,  including our Annual
Report on Form 20-F.

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

              Rolf Amundsen
              Chief Financial Officer
              Nordic American Tanker Shipping Ltd.
              Tel: +1 800 601 9079 or + 47 908 26 906
              Herbj0rn Hansson
              Chairman & CEO
              Nordic American Tanker Shipping Ltd.
              Tel:  +1 866 805 9504 or + 47 901 46 291


     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: May 4, 2005                             By: /s/ Herbjorn Hansson
                                                   Herbjorn Hansson
                                                   President and
                                                   Chief Executive Officer

01318.0002 #567992