Mad Money Spotlight: Cramer's Shippers

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It's a better idea to put your money in the stocks of two petroleum shippers, rather than dry-bulk bellwether DryShips -- at least according to Jim Cramer.

In his Wednesday evening "Mad Money" broadcast, Cramer pointed to the Bermuda-based duo of Frontline(FRO Quote) and Nordic American Tanker(NAT Quote) as preferable plays to DryShips(DRYS Quote).

Nordic, with revenue of $221 million for the 12 months ended in March, has seen its stock trend flat in the year-to-date. Still, it's climbed some 40% since falling to its 52-week low of $22 in March.

Nordic shares were trading Thursday at $31.63, down 36 cents from their previous close. The company has an enviable balance sheet ($109 million in cash versus total debt of $46 million as of the end of the last quarter) and profit margins of 51%.

Frontline, the world's largest oil tanker company, which has trailing 12-month revenue of $1.93 billion, is, not surprisingly, more indebted and has narrower margins than rival Nordic.

Frontline stock has declined almost 14% year-to-date, but is up 56% from its 52-week bottom, set in March along with seemingly every other publicly traded company. Frontline shares were trading up 12 cents in the early going Thursday at $25.16.