Philly Shipyard's earnings are on the up as it delivers more vessels.

Third quarter net profit was $17.1m, compared to $12m a year ago.

Revenue was boosted to £200.8m from $23.7m as it built tankers for Philly Tankers and boxships for Matson.

It expects to achieve record high revenues and profits in 2017 due to three vessel deliveries, plus another scheduled for the fourth quarter.