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 August 2005

                 (Translation of registrant's name into English)

                                  Canon's 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

                           Yes [_]          No [X]


     Attached  hereto as Exhibit 1 is a copy of a press release  announcing  the
second  quarter  results  of  Nordic  American  Tanker  Shipping   Limited  (the
"Company") dated August 2, 2005.

                                 [company logo]

Nordic American  Tanker Shipping Ltd. (NAT) - (NYSE:  NAT) Announces 2nd quarter
2005 Results

Hamilton, Bermuda, August 2nd 2005

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

The Board has declared a third quarter 2005  dividend of USD 0.84 per share.  In
the preceding quarter the dividend was USD 1.15. The dividend will be paid on or
about August 26th 2005 to  shareholders  of record August 10th 2005. As per June
30, 2005 there are 16,644,496 shares in issue. For further financial information
please see page three of this message.

The spot  market  rates for suezmax  tankers in the second  quarter of 2005 were
lower  than the  rates in the  first  quarter  of  2005.  According  to the spot
assessment of the Imarex  Tanker  Index,  suezmax spot rates were on average USD
32,654 per day during the second  quarter of 2005, as against USD 46,947 per day
during the first quarter of 2005. No vessel  operational  down time was incurred
during the second quarter of 2005.

The operating  cash flow(*) was USD 14.1 million in the second  quarter of 2005,
compared  to USD 13.9  million in the first  quarter of 2005.  During the second
quarter of 2005, we had one vessel operating on fixed rate long-term  employment
and five vessels in the spot market or on spot market related terms.

In June 2005 the  Company  announced  that it had agreed to acquire a 1998 built
double hull suezmax  tanker.  The vessel,  to be renamed  Nordic  Discovery,  is
expected to be employed in the spot market  after  delivery to us in  mid-August
2005. Nordic Discovery is the sister vessel of the Nordic Fighter.

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  essential  part of our strategic  platform is expansion of the fleet of
high quality double hulled 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 which may rise from the
present  level,  may remain at the same level or may drop.  Whilst we are always
faced  with  uncertainties,  the Board  holds the view that the  general  tanker
market dynamics are favourable.

Industry analysts indicate that global oil demand may be expected to increase up
to 4 million  barrels per day from the second quarter 2005 to the fourth quarter
2005 - a development which is expected to impact tanker demand positively during
the coming  autumn and winter.  The seasonal  pattern is often that rates may be
weaker  during  late  spring  and summer  than  during the autumn and the winter
season. Above all, the longer term prospects depend on developments at the macro
economic level. The US and the Far East, in particular China, are key players in
this regard.

The Company completed the transformation  from a financial lease company into an
operating  company in October  2004.  Since  then,  the fleet of the company has
increased  from three to seven ships  (including  the vessel to be  delivered in
mid-August  2005)  all of which  are  modern  double-hulled  suezmax  crude  oil
tankers. As of mid-August,  we expect to have one vessel operating on fixed rate
long-term  employment  and six  vessels  in the spot  market  or on spot  market
related terms.

The fleet is now:

Name                       Built   Size(DWT)   Employment
----                       -----   ---------   ----------

Gulf Scandic               1997     151,458    long term contract
Nordic Hunter              1997     151,458    spot employment
Nordic Hawk                1997     151,458    spot employment
Nordic Voyager             1997     149,591    spot employment
Nordic Fighter             1998     153,181    spot employment
New acquisition (**)       1998     153,181    to be employed in the spot market
Nordic Freedom             2005     159,500    spot employment

(**) to be delivered and renamed Nordic Discovery in mid-August 2005

During the third quarter of 2005 the Nordic Hawk will be drydocked  according to
plan which is expected to cause a loss of income that otherwise  would have been
earned during approximately 20 days. Typically,  a vessel is in drydock every 36
to 60 months for classification and general maintenance purposes.

To enhance our financial  flexibility we have a revolving credit facility of USD
300 million which is currently unutilized. This credit facility will be replaced
by a five year non-retiring  fully revolving facility during August 2005. During
the term of the  facility  we can draw down  amounts in  connection  with vessel
acquisitions or for general corporate purposes,  and shall pay interests only on
any drawn amount.

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,  amortization  expense and certain
     non-cash  administrative  charges.  Please see the  Company's  Web-site  at for a  reconciliation  of this non-GAAP  measure as used in this
     release to the most directly comparable GAAP financial measure.

Amounts In USD '000

                                                        Three Months Ended                               Six Months Ended
                                          ------------------------------------------------       ------------------------------

                                        June 30, 2005       June 30, 2004   March 31,  2005      June 30, 2005    June 30, 2004
                                         (unaudited)                                              (unaudited)
NET VOYAGE REVENGE                              18,003          9,442          16,150                34,153           26,810

Vessel operating expenses                       (2,986)             0          (1,512)               (4,498)               0
Depreciation                                    (4,188)        (1,708)         (2,702)               (6,890)          (3,415)
General and administrative costs                (1,297)          (441)         (4,477)               (5,774)            (716)
                                                (8,471)        (2,149)         (8,691)              (17,162)          (4,131)
Income from vessel operation                     9,532           7,293          7,459                16,991           22,679

Interest income                                    233             15             328                   561               27
Interest expense                                  (325)          (438)           (331)                 (656)            (882)
                                                   (92)          (423)             (3)                  (95)            (855)

NET INCOME                                       9,440          6,870           7,456                16,896           21,824
Earnings per average number of shares             0.57            0.71           0.53                  1.10             2.25
Weighted average number of shares           16,644,496       9,706,606     14,020,761             5,339,877        9,706,606
Common shares outstanding                   16,644,496       9,706,606     16,644,496            16,644,496        9,706,606

CONDENSED BALANCE SHEETS                    June 30, 2005      June 30, 2004    December 31, 2004
Cash deposits                                     18,310             681             30,732
Other assets                                       9,975           5,848              6,170
Vessels                                          337,401         124,666            187,301
Total Assets                                     365,686         131,195            224,203

Accounts payables and accrued liabilities          1,087             177              2,335
Long-term debt                                         0          30,000                  0
Shareholders' equity                             364,599         101,018            221,868
Total liabilities and shareholders' equity       365,686         131,195            224,203


                                                               Six months ended                  Twelve Months Ended
                                                         -------------------------------        --------------------
                                                          June 30, 2005   June 30, 2004         December 31, 2004
Net cash from Operating Activities                            22,911         27,779                  62,817
Net proceeds from sale of Common Stock                       161,967              0                 112,138
Repayment of debt                                                  0              0                 (30,000)
Loan facility costs                                                0              0                  (1,456)
Dividends paid                                               (40,311)       (27,664)                (47,196)
Net Cash provided by (used for) Financing Activities         121,656        (27,664)                 33,486

INVESTING ACTIVITIES                                        (156,989)             0                 (66,137)
Investment in Vessels
Net cash used by Investing activities                       (156,989)             0                 (66,137)
Net Increase in Cash and Cash Equivalents                    (12,422)           115                  30,166
Beginning Cash and Cash Equivalents                           30,732            566                     566
Ending Cash and Cash Equivalents                              18,310            681                  30,732


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 and our Annual Report on Form 20-F.

Contacts:            Scandic American Shipping Ltd.
                     Manager for:
                     Nordic American Tanker Shipping Ltd.
                     P.O Box 56, 3201 Sandefjord, Norway
                     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
                     Gary Wolfe
                     Seward & Kissel LLP, New York, USA
                     Tel: +1 212  574 1223

                     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:  August 3, 2005                By: /s/ Herbjorn Hansson
                                              Herbjorn Hansson
                                              Chairman, Chief Executive Officer
                                              and President

01318.0002 #591620