NYK Line, Mitsui OSK Lines (MOL) and K Line are set to share almost $1.7bn in dividends courtesy of liner subsidiary Ocean Network Express (ONE).

NYK Line will receive a payout of ¥72.9bn ($641m), while MOL and K Line will each receive $523m, the shipowners said on Thursday.

The dividend is expected to be paid on or around 15 November, the shipowners added.