Frontline is trading 4.71% up at $39.76 after announcing its August 4 sale of two 2017-built VLCCs for $270 million.
- Expected gains: approximately $110 million; net cash proceeds: roughly $179 million for shareholders, supporting sentiment around capital returns.
- Broader tanker-market optimism linked to Middle East shipping developments may also contribute; no August 6 company announcement was found. Major U.S. indices were mixed and only modestly changed that session.
- No volume data was provided, so activity level cannot be assessed reliably.