Cramer's 'Mad Money' Recap: June 27

Cramer said the Chinese action was "temporary," noting the Baltic Dry Index should head back up when supply and demand return to normal.

Another reason why the stock is attractive is its 8.8% dividend. "We like these bulk dry shippers for their dividend yields," he said.

Because Britannia Bulk is a small company, Cramer cautioned it is important to buy the shares in increments and use limit orders. "Don't buy this stock recklessly," he said.

"If you pay over $13 a share, you are not getting a good deal," he said. "At $13.50 you are positively getting ripped off. Remember, higher the price, the lower the yield."

Britannia has six more ice class bulk ships on order, which will help it make more money and send the share price higher.

"Wait for pullbacks before you buy," said Cramer. "You will get plenty of chances to buy because the Baltic Dry Index is volatile."

Cramer also asked listeners to pass on Navios Maritime(NM Quote). "It doesn't have great growth on yield," he said. "Our oil guy is Nordic American Tanker(NAT Quote) and our dry bulk play is Britannia Bulk," he said.

A Play on Support Ships

All week, Cramer has urged Congress to lift the moratorium on offshore drilling.