Seoul: PanOcean Co., a major bulk carrier in South Korea, announced on Wednesday that its net income for 2025 reached 301.4 billion won (US$206.9 million), marking a 12.4 percent increase from the previous year.

According to Yonhap News Agency, PanOcean's operating income for the year was 491.9 billion won, reflecting a 4.4 percent rise on-year. The company's annual sales also experienced growth, increasing by 5.3 percent to reach 5.43 trillion won.

The financial results underscore PanOcean's robust performance in the bulk carrier industry, as it continues to expand its operations and enhance profitability.