Nordic American Tanker Shipping Ltd. (NAT) - (AMEX: NAT) (OSE: NAT) Announces Public Offering of Common Shares
November 12 2004 - 9:59AM
PR Newswire (US)
Nordic American Tanker Shipping Ltd. (NAT) - (AMEX: NAT) (OSE: NAT)
Announces Public Offering of Common Shares HAMILTON, Bermuda, Nov.
12 /PRNewswire-FirstCall/ -- Nordic American Tanker Shipping Ltd.
(the "Company") today announced that it has applied to list its
common shares on the New York Stock Exchange under the trading
symbol "NAT," effective on or about November 16, 2004. The
Company's common shares are currently listed on the American Stock
Exchange and the Oslo Stock Exchange under the symbol "NAT". The
trading of the Company's common shares on the American Stock
Exchange will terminate upon the effectiveness of the listing of
the common shares on the New York Stock Exchange. The Company's
common shares will continue to be listed on the Oslo Stock
Exchange. 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 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: Web-site: http://www.nat.bm/
Rolf Amundsen Chief Financial Officer Nordic American Tanker
Shipping Ltd. Tel: +1 800 601 9079 or + 47 908 26 906 Herbjorn
Hansson Chairman & CEO Nordic American Tanker Shipping Ltd.
Tel: +1 866 805 9504 or + 47 901 46 291 DATASOURCE: Nordic American
Tanker Shipping Ltd. CONTACT: Scandic American Shipping Ltd,
Manager for Nordic American Tanker Shipping Ltd., Tel:
+47-33-42-73-00, E-mail: ; or Rolf Amundsen, Chief Financial
Officer, Tel: 1-800-601-9079 or +47-908-26-906, or Herbjorn
Hansson, Chairman & CEO, Tel: 1-866-805-9504 or +47-901-46-291,
both of Nordic American Tanker Shipping Ltd. Web site:
http://www.nat.bm/
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