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China's Return Will Be Huge for Shippers

By Jim Cramer

 About this article:
 China's going to turn around. You see it in the Baltic Freight numbers. You see it in the DryShips run yesterday. And you see it in Asian stock markets going higher and higher well ahead of ours. It's the feeling that perhaps China's gigantic infrastructure buying spree is going to take hold. It could be huge for some companies like steel and minerals, but I think that the first thing that it will affect is shipping. Which is why I think that Nordic American Tanker is such a screaming buy. Right now NAT, which has the best balance sheet in the industry, is in a position to lease tankers to take advantage of the contango in the futures. I figure it is just a matter of time before the company gets big orders to just store crude and write contracts against it for delivery, or just...

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