US shipbuilder Philly Shipyard has posted a big jump in first quarter profit as it delivered a tanker to Kinder Morgan.
The company said net earnings were $17.2m, against $1.9m in 2016.
Revenue increased to $167.8m compared to $35.7m a year ago.
The order backlog now stands at $624.4m.
Two more product tankers are under construction, plus two containerships for Matson Navigation, with delivery through to 2019.
