Matson Inc., the largest shipping company serving the Hawaii market, reported second quarter net income of $24 million, or 55 cents per diluted share, compared to net income of $18 million, or 42 cents per diluted share, for the same quarter last year.

Honolulu-based Matson (NYSE: MATX) said revenue for the second quarter was $512.5 million, compared with revenue of $467.7 million during the same quarter last year.

The company reported net income of $31 million, or 72 cents per diluted share, for…