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Nordic American Tanker CEO on Growth Plans

Wednesday, 8 Aug 2012 | 7:16 PM ET

Nordic American Tanker, the “Mad Money” shipping industry favorite, might just be the best house in a bad neighborhood, Jim Cramer said Wednesday.

While some analysts have said the company might have to take on additional debt to keep paying its robust dividend, Nordic American Tanker could also use its strong balance sheet to buy up additional ships — and future growth.

Nordic American Tanker CEO Has Optimism
On Tuesday, National American Tanker reported strong quarterly earnings and the stock jumped 7 percent, and the company's CEO Herbjorn Hansson, discusses his optimism on the global economy moving forward. "Oil will be consumed, and oil will be transported," he says.

A better-than-expected quarterly earnings report Tuesday pushed the stock up 7 percent , although its share price is less than half of what it was two years ago, when it traded in the $30 range.

To learn where the company sees opportunity and where it plans to go from here, Cramer spoke with Herbjorn Hansson, the founder, chairman and CEO of Nordic American Tankers.

WATCH the entire interview with CEO Herbjorn Hansson.

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