Diana Shipping has defied the dry cargo blues to secure financing for its three newbuildings.

New York-listed Diana also suggested the delivery of one of the ships has been delayed.

The Export-Import Bank of China has written a $75.73m cheque to cover two Newcastlemaxes and a kamsarmax, a statement said.

Diana has a strong history with Chinese lenders, having been one of the owners involved in a series of landmark loans in 2010.