Philly Shipyard may end its order dearth as it tips a newbuilding order for two Jones Act-eligible medium range (MR) tankers.

The Aker-backed shipyard said in its second quarter results that it and an undisclosed customer "executed a non-binding term sheet for the construction and sale" of the two vessels.

If finalised, the potential order would be a fillip to the Oslo-listed shipyard, which is still reeling from the