Downunder VoicesAustralia · New Zealand · World
Back to World
World

11 August 2026

Trump’s media company reports $238m loss

Downunder Voices Newsroom

Source reporting: Al Jazeera English

FacebookEmail
Trump’s media company reports $238m loss

Trump Media & Technology Group earns less than $2m in Q2.

About this report

Downunder Voices provides an independently written summary and community perspective based on information published by the original source. The original publisher remains responsible for its reporting.

Join our community

Follow Downunder Voices

Join thousands of readers following news and community stories from Australia, New Zealand and the Pacific.

Follow on FacebookSubmit your story

More from World

View category
China’s AI push is a trade storyWorld

11 August 2026

China’s AI push is a trade story

The real AI contest may not be won by whoever builds the smartest model, but by whoever embeds intelligence fastest into factories, warehouses, terminals and transport fleets. Wolfgang Lehmacher explains. Beijing is pushing to embed intelligence into manufacturing, logistics, transport, and industrial upgrading. The test is whether it can squeeze more out of freight, factories, …

Source: Splash247Original source
Hanwha makes $1.2bn play for Austal USAWorld

11 August 2026

Hanwha makes $1.2bn play for Austal USA

South Korea’s Hanwha has lodged a preliminary offer worth up to $1. 2bn for Austal USA, one of the most strategically important naval yards in America. The non-binding proposal, made through Hanwha Defense USA, values the Mobile, Alabama-based business at between $1. 05bn and $1. 2bn on a cash- and debt-free basis.

Source: Splash247Original source
US sends seized shadow fleet tankers for scrapWorld

11 August 2026

US sends seized shadow fleet tankers for scrap

The US has begun disposing of ageing tankers seized during its widening campaign against sanctions-busting oil trades, with vessels linked to the shadow networks serving Russia, Iran and Venezuela being channelled towards demolition rather than allowed back into circulation. The move represents the next stage of Washington’s increasingly physical approach to sanctions enforcement. US military …

Source: Splash247Original source

Read Next

View latest
Trump extends Jones Act waiver despite mounting maritime oppositionTrade & Logistics

11 August 2026

Trump extends Jones Act waiver despite mounting maritime opposition

US president Donald Trump has extended for another 90 days the unprecedented waiver allowing foreign-flagged ships to move oil and other commodities between American ports, albeit with tighter controls following fierce opposition from the domestic maritime industry. The waiver, introduced in March as the Iran war disrupted global energy flows, is already the longest suspension …

Source: Splash247Original source
Procopiou’s Hengli VLCC haul reaches 20World

11 August 2026

Procopiou’s Hengli VLCC haul reaches 20

George Procopiou’s Dynacom Tankers has returned to Hengli Heavy Industry for four more VLCCs, taking the Greek owner’s programme at the Chinese yard to 20 ships. Hengli has not disclosed the value, delivery dates or propulsion arrangements for the latest 306,000 dwt quartet. Four ships from the programme have already been delivered, according to the …

Source: Splash247Original source
d’Amico reclaims MR from lease for $15mTrade & Logistics

11 August 2026

d’Amico reclaims MR from lease for $15m

Italian product tanker owner d’Amico International Shipping is bringing the High Discovery back into full ownership, exercising a purchase option on the MR tanker for around $15. 3m. The 50,000 dwt Hyundai Mipo-built ship, delivered in 2014 and worth roughly $33. 5m, is expected to transfer to d’Amico Tankers in early November. The final price could move …

Source: Splash247Original source
Star Bulk walks away from Genco fleet dealTrade & Logistics

11 August 2026

Star Bulk walks away from Genco fleet deal

Star Bulk Carriers has pulled out of a $470. 5m agreement to acquire 16 Genco Shipping & Trading bulkers from Diana Shipping, removing a key fleet component from Diana’s long-running takeover attempt. The two Greek owners mutually terminated the sale and purchase agreement at Star Bulk’s request. The deal, signed in March, was conditional on Diana …

Source: Splash247Original source